How not to run a business - the Gordon Ramsay way

This might be well worth adding to your scheme of work as an up-to-date, celebrity-fuelled example of how a business can run into cash flow and other problems from over-expansion.

Gordon Ramsey has given this brief, but illuminating interview to The Times in which he explains how his restaurant empire was rescued from the brink of insolvency. A classic case of how over-trading and an overly-ambitious business plan can lead a business to the edge.

Some great business studies materials in here, even though it is only a short piece:

- Secured bank loans and overdrafts
- The power of external stakeholders - particularly the Inland Revenue
- Sale of personal assets to raise finance
- Cutting operating costs to improve cash flow
- The role of auditors