Typically it is not essential to own a degree.
Basic thing is that u must have common knowledge about what u are going to do.
What is the business and all. that will suffice u

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Manju Tech

A degree definitely enhances your knowledge, like Rkasso said, it depends on what you are going to do...

I have 2 years of college, but as of yet, do not have my degree. I don't really think it's necessary to have a degree, but I have found that alot more people will take you seriously if they know that you have graduated college, or at least have taken the right courses.

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