I think that depends on the type of the online business one is supposed to start ever. Technically service related businesses must be operated with a person with that skills
In addition to running a business or financial consulting service business, you don't need to have a college degree, but you need the skills needed to run an online business such as understanding digital marketing, ecommerce technology skills, etc.
Having a university degree might give you some added advantage but it is not a must to have one. You can successfully run an online business even without a college degree.
One does not need to be a college graduate to start an online business, but having the necessary skills is essential. These skills can be developed by watching YouTube, etc
I don't think you need a university degree to run an online business. You need certain skills to be able to run an online business but you can learn those skills though online courses or through basis online research.
To operate online business, you need skills more like , SEO and digital marketing skills. you acquire skills by attending webinars offline seminars, reading books, watching YouTube videos or taking online courses
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