It depends on how much you believe in yourself and your capabilities. But the problem you have right now is a typical scenario for someone trying to juggle and become succesful in two things at once. I've read, heard and thought about this a lot, and you really have to take the risk and focus all your energy on one area. You can either be mildly succesful at two things, or you can go all out and go after the one thing which you want to succeed at, and fucking do it properly.
I've already dropped out of college once, but I'm almost positive I'm dropping out again, because school just isn't for me. I find it impossible to follow routine and study generic subjects which are of no interest to me. I hate boring bullshit courseworks, essays, deadlines, lectures, seminars and everything else which really has no relevance to what I'm doing or plan on doing in the future. And because of my focus and passion for my business, I have a lack of enthusiasm for my studies, which in turn reflect in the work I hand in.
I don't know what stage you are at, but I recommend two things:
1. Make sure you get into college first and stay for the first year before making a decision (the experience alone is well worth it).
2. If you find you like college, but the studying is preventing you from expanding your business and doing all the things you want to, then you'll consider leaving if you're really serious about your business. But please don't leave until you are making GOOD money and you have complete faith in yourself. Last year I remember hiting 6 figs a month, and I was still considering whether or not I should leave college or not.
Go with what you feel is right. If your bursting with ideas and think you can really make something of yourself without choosing the life of a deadbeat office zombie, then go for it.
Having said that, I don't know what kind of person you are. You might fail miserably. Good luck.