You do not need a college or university degree to teach your child at home. You do need a basic proficiency in reading, writing, and math. Have a commitment to a philosophy that leads you to homeschool. It's not enough to homeschool because you don't like what happens in your local public school. You need positive reasons to help you through the rough times you will inevitably have.
Communication is the key to any relationship.
Learning to listen and speak clearly is vital to successful homeschooling. Be prepared to receive criticism for your decision to homeschool. Unlike many other parenting decisions, the decision to homeschool is very visible and may affect members of your extended family. It might be helpful to prepare your extended family by letting them know why you have made the decision to homeschool. When you give them this information, let them know you are not expecting to persuade them one way or the other, you are just informing them.