As an entrepreneur, one of the advantages of your chosen career path is that there are no formal qualifications required. As your own boss, you can start your own business without having even graduated from high school!

But, although some of the most successful business owners didn’t go to college, more new entrepreneurs fail due to their lack of education.

Whether you’re hoping to expand your business knowledge with an online MBA or think that an online health information management degree will benefit you with your healthcare business, online learning can be an ideal choice for entrepreneurs.

bachelors in health information management, for example, can help you take advantage of the field’s growth opportunities. The health care industry is gradually transforming into a business driven by digital technology.

Have a plan

Know what your short-term and long-term goals are and always be working to achieve them. If you’re about to begin any course online, having a plan is essential to ensure that you succeed with both your business and your education.

At most universities, academic work ebbs and flows in terms of a course’s demands and stresses. You have to keep a strong command of your schedule to keep up.

Although some new entrepreneurs prefer to put their business venture on hold whilst getting their degree, the flexible and self-led nature of online learning makes it easy to commit to both at the same time if you wish.

But, in order for this to work out, it’s essential to ensure that you stick to a solid timetable – letting yourself get behind with either your business development or your degree work could have disastrous results.

Create a comfortable home office

Since you are now an entrepreneur and a student, it’s never been more important to make sure that you have a suitable home office.

Whether you have a spare room to use or you’re going to set up in a corner of your bedroom or living room, having a comfortable working space will be essential as you embark on this new chapter of your career path.

Investing in desk organization solutions and an ergonomic chair for working will increase your comfort levels, leading to better productivity.

Get support

Working as a business owner whilst studying for a degree at the same time, can be very difficult, especially for individuals who have other commitments such as a young family to take care of.

So, it’s important to understand where you can get support and how to get it, whether this be with your personal financial situation, with your business tasks, or even emotionally.

As a business owner, it can be a good idea to outsource as many of your business tasks as possible whilst studying – this will improve company efficiency and free up more of your time to commit to your online degree.

Utilise technology

Lastly, there are many ways in which utilizing technology can lead to better results for both business owners and students today. For example, you could use cloud solutions to collaborate on tasks and projects both for your business and with your degree.

Be sure to invest in high quality, reliable gadgets for your education – a good laptop that doesn’t slow you down is essential and will lead to improved efficiency. Consider other gadgets that could make you more efficient; for example, an e-reader for textbooks or a smartwatch to keep on top of business emails as you study.

Founding Editor @Alltopstartups, Contributor @Entrepreneur, Columnist @Inc. Magazine and Curator at Postanly (his free weekly digest of the best life and career improvement posts on the web. Subscribe for free.