Restaurateurs learned on the job and rarely undertake any formal study. Confining themselves to checking out the competition, scouring restaurant blogs and the internet for restaurant reviews, concepts, and ideas.
There is an old military cliche that states "Time spent in reconnaissance is seldom wasted." The more you operate you restaurant on paper with research and planning the better.
Successful small business and restaurant owners know how to avoid making costly mistakes. And when it comes to financing your restaurant, it's important to be aware of these common blunders.