There are no specific educational requirements to be a restaurant owner. If you have the finances, the property and the inventory needed, you can be a restaurant owner. It is very helpful to have an extended background working in the food service industry and further education. Receiving a two- or four-year degree in hospitality and restaurant management provides a good background. Other types of degrees or certifications can be obtained at community colleges, technical or specialized organizations. An owner should have leadership traits, excellent communication skills, analytical capability and self-confidence