Welcome Punisher.
Please follow Jill's advice, you'll thank her for it later.
Even though I've been in the business for nearly 15 years and been printing for the last 8, I recently ventured out on my own and I still won't invest into digital printing.
Taking on "print and cut" without any previous experience in the industry is nothing but punishment (pun intended). Not only do you have to invest in a printer/cutter, you'll also need quality design software, color management tools, a computer that has enough horsepower to run it, a clean shop to work in, a laminator, and inventory. Then you need to acquire the knowledge to know how to run it all. This investment can easily set you back $30K. And if you try to take shortcuts you'll have nothing but headaches.
So, if you got the idea of doing this on your own from a salesperson who is trying sell you equipment, ask them this... "if doing this type of work is so easy, why aren't they doing it for a living"
Checkers