I know two people who did this recently. One failed, had is house repo'd, owes a lot of people money and has a bunch of people wanting a piece of his back side, he took their money and has not delivered their bows. He was a popular person on this site for awhile, but now some say he has no integrity.Many on this site are the ones awaiting bows they may never get.
The other guy is making ends meet. He is struggling but he is an honorable man who is meeting his delivery dates and standing behind his bows. He will succeed because he is a hard worker and has a high level of integrity. He takes pride in his work and his bows.
You can also succeed. Take care of your customers, if you let even one down, it will cost you in the long run.
Good luck! What you are doing takes guts, I admire anyone willing to take a chance and follow their dreams.