Christie- Welcome to the wonderful world of machine embroidery (ME) and AnnTheGran (ATG). ME is the most fun craft, it is beautiful, and creative, you are going to fall in love!
If you are new, I recommend that you use the fonts you probably will find on your machine for the time being until you have been able to find your way around a little. When you start out, we are all interested in helping you, but finding the exact right software for me may not fit your needs at all.
I recommend that you try several different programs, Embird is good, CatalogXpress and AlphabetXpress are also very good. Compositions is also a very good program to do nearly all of what you are asking about. To my knowledge, there is not one single program that does everything.
Before you spend the amount of money you are looking at, I seriously recommend you understand machine embroidery a lot better than you may know now. For instance, I have a blog on stabilizers which is a large learning process in itself. That blog just talks about general stabilizer information. There is a lot to learn.
Read as much as you have the time to do. This site is the premiere site for information and sharing among embroiders. Others do have some less organized information, stick with ATG for quick information. The Search in the upper portion of the screen will be your friend!
Ask all the questions you have. Expect to have a few projects that will not be as great as you might hope, that is how it goes!
Pat, The Avid Embroiderer
If you are interested in selling your projects, you can determine your costs and profits quickly with my Spreadsheet.
If you want a lot of great information on working easier, faster and more confidently on your computer, check out my Tips and Tricks.
If you want to see my pashminas (that I successfully sell retail) check them out here. I also wholesale them.