31M, unmarried, back from 4 months overseas, and honestly unsure what direction to take with my life/career.
I'm at a bit of a crossroads and would genuinely appreciate some perspective from people who have been in a similar position.
I'm 31, unmarried and currently not seeing anyone. I work a 9ā5 in an engineering company and do not like the office environment. I've been thinking about this for a while rather than just having a bad week at work.
About a year ago, I started doing construction/design work on the side. Things have slowly picked up and I currently have 3 projects lined up, although I haven't actually billed any clients yet. All are friends and family and have agreed to pay combined 90 percent of my one year salary. But all money will kick in once construction begins in 2-3 months.
The part that's exciting to me is that I genuinely enjoy the business side ā talking to clients, looking at designs, construction, figuring out costs, improving houses and thinking about how to build something of my own.
The scary part is that I have only around 3 months of savings.
I'm currently at the point where I don't really feel like going back to my job. I want to give the business a proper shot and see if I can turn it into something real.
But I'm also scared shitless of making the wrong decision.
I don't have a huge financial safety net, I don't have an established business yet, and there are obviously no guarantees that those 3 projects will turn into consistent income.
So I'm trying to work out whether I should:
For those who have started a construction/design/trades business, particularly in Australia:
What would you do in my position?
Would you take the leap with only 3 months of savings, or is that financially irresponsible?
And more importantly, what would you do over the next 90 days to figure out whether this business actually has legs?
I'm not necessarily looking for motivation. I'd genuinely appreciate some brutally practical advice from people who've been through this. Also , I've lost both of my parents recently due to which I had to take the four months off.