I see that everyone find this great. I mean it's informative and helpful in every aspect however, some of the stuff in there belittles people's belief and desires.
First off, it's great to always get down and technical about what stuff really means like calling yourself a producer, or your work space a studio etc. It's even awesome advice that you're pleading with the general forum to educate themselves formally or otherwise. I am all for it and yes the essence of the message is great so I am definitely not spamming / trolling.
It has been debated that recent use of the term "producer" and "studio" has been distorted. Which is why you can do a search for "home studio" and you will most likely see mixing gear and stuff and not necessarily what you described. And am sure that most of the persons who call themselves "producers" don't have an audio engineering certificate. I'm not saying don't educate yourself, I'm just merely saying don't feel discouraged or pushed aside by those fortunate enough to undergo formal training. Not everyone can afford to go to college (especially those from "3rd world" countries whose currency against tho US dollar is weak, stacked wit the extra high cost of being an international student). Then of course there is your target market. May be really easy to jump into a job in the bigger continents, but way to often persons come back to their homes and the market is not available so even starting their own business would not pool any activity. So now they're unemployed with a HUGE student loan to pay. That's reality.
(And hiding the school name. Is it really because the school wants to remain a secret or you don't want others to find an affordable institute? Am not sure, so am asking because any school would love interest from persons and even persuade them to join if they're qualified.)
Also, a back up plan (question someone asked earlier) is always a great idea, regardless if you use it or not. If it were as simple as saying "I want it so I will get it", then everyone would be seated exactly where they want to be. Some people make it, some people don't.
So if Jack calls himself a producer and his work is just as good as commercial releases but he never even finished high school, why should someone tell Jack that he isn't a producer. This may only break his spirit and where as Jack could have landed a DECENT enough job based on experience and his portfolio, he now just sits and says he's untrained. Which is why if someone finishes schooling at an institution without internship, they remain unemployed longer because ALL companies look for experience in the field. Internship allows one to prove their worth since they're already in.
Anyways, I think I've ranted a bit longer than I expected. But all in all, very informative post, but keep it real. Keep up to date with the terms producer and studio, and realize that not everyone can simply "just make it" or "just save up". Single parents, low paying jobs, family responsibilities, geographic locations all play a part in ones decision on how they approach their career if they do have a chance at it.