Obviously the simple answer is “no,” because others have gone on to run highly successful businesses without a formal education. However, the fact still remains that those people tend to be the exception; not the rule. Some industries not only highly benefit from formal education, but it can be required for licensing (medical and legal fields for example). Others don’t require a formal [...]

Continuing to educate yourself, whether formally or independently, is important for any entrepreneur. Technologies always change. New case studies emerge. The economics behind an industry fluctuate. Keeping up on the latest issues affecting your business, and refreshing your more formal education, are not only vital, but can easily be done from the comfort of your home or office by utilizing free textbooks [...]