Let's talk about SOHO...

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I know that SOHO stand for Small Office Home Office... It catch my interest so i want to know more... Last few days, i gave up my job. Just can't stand having a boss who don't appriciate their workers. Then my friend gave me an idea of starting SOHO. But i don't have the clear idea on how to start it. How to start SOHO? What should we have in order to make it successfull? What should i expect to happen? How about the budget? You see... I'm totally blur here... :) Please, for all the pro out there... Give me some ideas... guides and tips... So that i can be successfull too... This ideas really interest me, so i do hope i can start up my SOHO a.s.a.p hehe since i don't have a job anymore...