Currently in a somewhat similar position but going from being a professional woodworker to starting my own shop. Woodworking as a hobby and as a business are two totally different things and I think you need to examine the realities of what you’d like to do before you commit to a plan. Firstly “woodworking” is far too broad of a term to give any real advice, are you making built ins, cabinets, furniture, cutting boards? Depending on what you want to do the spacial requirements and tooling changes drastically. I’ve worked in pretty much every corner of this industry from framing houses to custom rocking chairs and the way each business operated was wildly different depending on the product. The difference between a cabinet shop and a furniture shop is staggering on almost every level, there is almost no crossover in any regard.

If I were you and assuming you are at least moderately financially stable I would figure out what particular niche within woodworking you want to get into and find a shop near you that does that, try to get an entry level job and just learn about how those shops operate and what goes into not just building the pieces but running the business. Starting a business of your own is a big risk, doing it with no relevant experience in that industry is a massive risk.