You will need to get a shaft puller, a propane blowtorch and a butane blowtorch as well as a Stanley knife. Soften the ferrule with the propane torch and scrape it off with the knife. You then crank it into the shaft puller and melt the old epoxy with the propane torch(steel shafts) and butane torch(graphite shafts). You will see the club head moving, and then you simply pull the club head off.
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You need to put the shaft in and find it's spine, this is where the head is most stable with movement. You then mark this point. Once the shaft is prepared you mix the epoxy resin and twist it into the hosel of the club. You should leave it for about 24 hours to fully set.
I suggest you take the club to one of your local pro-shops so that the pro can fix it. it will be done professionally and cost you about 20 - 30 pounds. hope this helps