Hi Don-
You’re right…everybody DOES have their own recording studio at home. More has changed in the audio and video business in the last ten years than at any other time. In fact, I know a recording engineer who works at a triditional recording studio and does some big-time stuff, but also has his own “home” recording setup and does that on the side as well.
The college I went to (and have returned to), has revamped its media technology and filmmaking degrees to keep up with the industry. Gone are seperate programs for filmmaking, television, and sound recording production. Now, they’re all combined into, more or less, one area of study.
It sounds like you are doing the right thing by getting up on the latest technology; now it’s about owning the right gear and marketing yourself. I also think the fact you have experience will go a long way. This is the type of business where experience matters.
When I say, “owning the right gear” I mean having the tools that are considered industry standard. If you don’t have what the client wants, you won’t be getting many calls.
When it comes to marketing yourself, it’s all about the internet now. Sites like mandy.com, media-match.com will let you list yourself and look at job postings. There may be others like these more geared toward the audio recording industry as well.
I hope this helps. The real question is what do you really want to do? Keep an open mind about what area of recording you want to go into. But keep in mind that it is a business, and if you’re not making (or can’t make) money where you are, look into where the work is you want to do.