I think BMS is alright for setting up a new business. i think if you have good business idea and clear vision you can start business for that its not must you should be an MBA or so on. So many big entrepreneurs in our country are normal graduates. The thing which really matters in setting up a business is idea and innovation. your business idea must be innovative, sound and unique so that you have good scope of success in market.Market is full of uncertainties and risks so you must have a good and solid business plan.
Your brain is much bigger player in business than you education.