What qualification is required to start a new business?

Qualification from a college/school/kinder garden is not required to start a business. However, what makes a business successful is the passion and unending energy to accomplish things. Also, it is advisable that you gain some experience on the field. You can learn by working under people and noticing how to manage people, make a good investment, things required in the setup of the industry and capital (that you can borrow from investors), etc. So, don't worry if you don't have a degree or formal education. Just get on to your job. Many successful business persons never went to school.

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