While traveling through Bloggywood (did I just make up that word? I did? I like it! What? You've heard it already? Well I haven't, and I'm taking full credit!) I found a great little article about starting a craft/art business. While it doesn't really delve deeply into the "how to" it is a good overall idea of what it takes and what your expectations should be should you decide that Living Each Day means this type of new business.
Have a good read here.