Is formal education a necessity? Do you need to go to school if you want to build a successful business?

Most people are brought up to believe that going to school, getting good grades, working really hard and getting a good job are the steps you need to take to become successful. Today, a good education and gainful employment are merely the status quo — these qualifications are no longer a proven formula for wealth and success.

Education certainly has its place, and it isn’t completely without merit, but it also isn’t necessary all of the time. There are plenty of entrepreneurs that never had much of a formal education, but still managed to achieve a great deal.

As a new crop of high-school grads prepares for adulthood, a life-changing decision comes into focus: when, where, and whether to go to college.

Amid increasing tuition rates and growing student-loan debt, college grads still make 60% more than high-school grads on average.

But that doesn’t mean college is the only path to success.

In addition to tech icon Bill Gates and media mogul Oprah Winfrey, several notable people dropped out of college. While they may be outliers, they show you don’t need a degree to make it in business.

A driven personality always finds a way. An education can either be a stepping stone or a road block on the path to achievement. If education proves to be an obstacle, those with an entrepreneurial spirit will push it aside and go their own chosen route.

Today, in the information age, there are many ways to learn and develop the skills you need to become a successful entrepreneur.

Homeschooling used in the past has given way to Talent Based Learning and may be a worthwhile option for many, especially if you have the desire to learn at your own pace, or if you have kids that are ambitious and independent thinkers.

It is also possible to find a wide range of Talent Support Clinics and Experts, giving everyone the opportunity to pursue their passions and hunger for knowledge.

The World Talent University, working with World Talent Federation, is at the heart of this exciting journey of new learning and paradigm shift.