You may ask yourself, “Well, do I really need a business degree to start a business?” The answer is no. An entrepreneur makes his or her own dream come true and doesn’t need a good looking resume. That’s what Richard Branson, Michael Dell, Ralph Lauren and many others believed in. And you can, too.

Nowadays, entrepreneurs starting businesses don’t necessarily need a business degree. After all, an entrepreneur makes his or her own destiny. Although having a business degree will make some things pleasant, having a business degree doesn’t guarantee success. If you don’t have a business degree and you’re thinking of starting a company, make sure you find out about the two all important elements you need to be successful in business.

Be an expert at what you do.

We are living in a time of unprecedented opportunity. Opportunity is in every field, in every industry, in all parts of the world. To be successful in business, you need to become a known authority in your field.

You need to become a leading figure, you also need to be seen as supplying value to the marketplace. Adding value either directly to people by means of the services that you offer or through the products that improve upon their daily lives.

Experts get more attention. They hold the greatest share of the market. They get noticed, approached, and watched by the media. Being an expert means your cash flow will grow, you can command more for what you do, and more people will be consenting to buy from you.

Ralph Lauren, American fashion designer and business executive, started working after school to earn money to buy suits for him. In high school, he was know for selling ties to his fellow students that he had designed himself. His first store was a necktie store.

From the beginning, Lauren was fascinated in suits that were tailored in classic men’s style. He became an expert in this fashion and went on to tailor women’s suits in the very same way. Lauren became a leading expert at what he had a passion for and this allowed him to become a leading authority in his industry.

Although Ralph Lauren did attend Baruch College where he studied business, he dropped out after two years.

Be good at what you do.

Right now, we’re seeing a time of great hope and exhilaration, the like which we haven’t seen in a very long time. While we are in the middle of the biggest recession many of us have experienced, people everywhere realize that, “this too shall blow over.” And it’s this belief that’s keeping our spirits alive and our beliefs firm for a happier future.

For the business owner, talents and skills, above all else, will specify your true economic value in the business world. Now more than ever, you have to be good at what you do and focused in on what you do best. You have to take control of where your business is heading and line up with the resources of the world to make it happen.

If you don’t have a business degree then you’re in good company. According to SCORE, virtually all people embarking on a new business do so without a business degree. If you would like to become successful in business, then you must become an expert and be great at what you do. Just like Sir Richard Branson who dropped out of school at age 16 and went on to found Virgin Records, Virgin Atlantic Airways, and most recently Virgin Galactic. All you need is a great idea, perseverance, and plenty of hard work to make it a success.

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