Having the paper do not let you concentrate on your business, cause you will always have another option, if something. it is a bad hope, that killing your ambitions. i  

According to me, having a university degree is a must to start in the business and entrepreneurs world but it does not determine is someone will be succeed. There are a lot of other parameters that we have to take account such as the ambition, the personality,...  

@sphirex: Gates, Dell, Page and Brin are very good examples... of school-leavers who made it without general university background. True. But perhaps they didn't need it because they were already expertized in their domain before attaining that joyful age of college student. University was not going to teach them anything new, however perhaps a wider view on problem solving and business.

But take one thing from me: the success they've reached, they didn't do it on their own; they had a management support team with theoretical education and hands-on experience. They mixed their product-knowledge expertise with marketing and management skilled people. Result: a strong product in a strong marketing mix.

Point of my reasoning:
the hero of a company might have skipped higher education, but a successful company merely composed by non-educated people? No way.  

I am an employee in an advertising company as a designer. there before i was all alone in the office and used to handle almost all the departments. now i am in design and i feel like it's not the field i should be in because, i have been doing work and it does not seem to please my seniors. i feel i am wasting my time but my dilemma is that i have nothing by the side that i can fall back on and i need money to survive.

I have been soul searching myself and i have realised that my interest is in manuals. someone please advice on how to go about this situation. thanks  

Being university educated don't make a person an entrepreneur.

Gates, Dell, Page and Brin are very good examples  

University Education is absolutely essential but it isn't necessary to create,run and Grow a successful company.
I was educated in the University of Life where you are tested on a daily basis and you learn to see what works or doesn't work and your only survival is dependant upon your decision making and Negotiation skills. Being an Entrepreneur isn't a job it is a way of life.  

The role of a manager and/or entrepreneur is to find out what kind of potentiel a person have and brought it out as a daily strength at work.  

Having a university degree does not seem to stop people from starting their own business. Neither does not having a degree. There are more then enough stories of entrepreneurs who left school without a degree, and still became successful. So education does not decide if you will be successful as an entrepreneur or will stay in a safe job. You might even consider the fact, that when the job market goes south, it is easier for a university educated person to start a business, than for someone who has no skills or degrees and has no interest in working for himself. At the same time I think, you see the strange effect that more and more highly educated people find themselves laid of, start their own business, do some work for others and find a job through that new network they created with their business. Or they like what they are doing and become real entrepreneurs.
So in the end starting a business, might for some people most of all depend on the situation, the experience and the willingness to do with less for a few years.
 

Having a paper in my pocket this never prevent me from creating a new company, but among the created companies 50% failled and at this time I was happy to find a job because I had this paper, the system is like this : having a paper helps to knock more quickly on the right door.  

Certainly. The thing is, if you're ambitious about something and have those qualities, you stand a nice chance of succeeding at what you do. While that paper is the most valuable thing a lot of people will ever get, it doesn't count just as much if you're doing things on your own, and don't need to prove your worth to an employer.

Maybe I was exaggerating when saying not getting "anything else" out of it. However, I do feel that three years of doing things, of acquiring experience, would be so much more useful to me, not to mention a lot more enjoyable.

The paper for me is a fall-back. If I ever wind up in trouble, it'll help me secure a decent job while getting back on my feet. Then it's straight back into the fray.