Go for it mate, started my business just over a year ago now and never regretted it.
Once you are up and running, I presume you will be doing powder coating on wheels? If so I may be interested in keeping in touch to send some business your way now n again. Currently don't have a trust worthy powder coating firm. Last one has recently moved premise near Edinburgh, you may know who I mean. Last customer was far from impressed with the quality of his work after a few months and I don't blame them, so that's the last one for me. p.s same day turn around is a great luxury lol.
All the best.