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Do I really need to go to college to own my own business?

My aunt and uncle owned their own grocery store and resteraunt for 30 years and they didnt go to college for business..i want to own a small lingerie store..

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You don't have to have a formal degree of any kind to own your own business. There are businesses that you can start up with very little capital, education or even effort. .. BUT .. In order for your business to be successful you do need to have some business 'skills'.

Like for instance, knowing the difference between assets, income and expenses, how to budget or balance a check book, communications with potential customers/clients, how to comparison shop or even negotiate when buying products to sell, how to price your product in order to make a profit and keep within the boundaries of other competitors ... etc (the list is endless).

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You certainly don't have to, but the classes you take in college can help you understand how to run the business.

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It'd be best to. Then, well ... for the best success.

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You dont have to have a degree but it will help out a lot. There are tons of business owners out there with no education at all. Having a degree with help in making good decisions in your business.

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You don't HAVE to

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mgrabel

It can't hurt either

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CJ. Not everyone is cut out for college, tho most want to go. If you want to do it right, take some business classes on line etc. If you want to take over the business your family has, then you are set.Learning on the job is like taking a class. If you feel you know how a business works, fine but if you feel insecure about running it..take the courses..Remember your aunt and uncle were not part of the college scene years ago. Most kids go to college for the experience..at a very high price.
I don't know many from college grads who actually got a job using their major..Go with your gut feeling..

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Do you HAVE to? No. Should you? Absolutely. I remember a person in my MBA class who invented a very good product. He knew nothing about business and was taken advantage of and ended up earning very little on his invention. He invented another product and decided to go back to business school so history wouldn't repeat itself. You can learn a lot about what you should and shouldn't do when operating a business - marketing, finance, taxes, banking, communications, advertising, computers....sooo many things.

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