Owning a studio is like owning a computer, every few years it's obsolete and you have to buy a new one... maybe not because your studio can't do the job, but because every musician with internet access or that buys a recording mag wants what they sees there ..... (can your adats do 24bit? nope? see ya later) i remember the studio i worked for used to lose gigs b/c we were running last year's pro tools and 16 bit adats when 20's were coming out. loyal clients would leave even though they wre perfectly happy with all the work we'd done, but our stuff was not wht was featured in the mags...
go solo. work for a studio, become friends with all the clients, keep in touch with them, and then when you leave that studio, let them know that you still want to work with them, wherever you may be, then work for different studios as a freelance engineer, rent out studios for your own clients, and get a decent stereo recording setup for doing on site gigs. great money, $250+ a gig for 3 hours "work" which means, setting up the mics, getting the levels, changing the tapes inbetween sets and see ya later. have a decent "mastering" setup at home, heck if you are doing a high school or community band, they don't want to send it away to some dude to have it mastered for $500.00, you can make an extra $150.00 just putting some compression on and putting in the track IDs. i was making a living doing that before my posh stereo salesman job came along, and i'm a slacker, so if you put effort into it, you will do fine. i have a buddy that does freelance work, and he's pretty damn good, no one you've heard of, but he works 8 months a year and has a ton of money, just because he does what i just told you. he finds a studio that's hurting for money (not htat hard to find) and gets a great rate, say $15.00 an hour, charges his clients $40.00 an hour and he's set...
just my thoughts.... [/B]