Something you'll find that they do a lot now in college / university (I went to college) are case studies. They force you to apply all the knowledge / formulas you studied + whatever innate business acumen you naturally have to separate those who know what they are doing from those just going for a piece of paper. I highly recommend auditing a few business classes (i.e. management decision making / organizational behaviour) to see if you like them. I hope this helps you in your decision to check out a college / university education
How's that working out for you? I was always curious if internship/just going for it was better or worse than going to school to learn business.
I'm homeschooled, never been to traditional college/university etc, and I've been doing business since 13. I might be the exception to the rule, but I seriously question the value of a classroom/project based on anything other than real life situations.