Not necessarily, a lot of business owners today that are successful not even reach a degree or some just even finish high school diploma. Starting a business, as far as some concerns, as long as you have dedication, hard-work and eagerness, you can have your own business. Although, MBA or degree holder will have more potential in becoming a business leaders.
To start a business however, you need to have the right and unique business name to use, one than you can introduce on variety of trending topic on the target market. Try this workshop http://eatmywords.com/services/workshops/, so you can get good ideas.