No. You don't have to go to college but it will help you if you had gone to college and took up business courses.
Running you own business requires you to know your own product, target market. You should also know the ways to exploit strengths and minimize weaknesses in running your business.
Keeping a good working relation with your employees and client base will help you boost your company's reputation and will ultimately generate more sales from work of mouth advertising.
Going to college before running a business does not guarantee you having a successful business. This is because some lessons learned in running a successful business is not found in the classroom. It must be experienced and overcome first-hand.
