If you had 1 year of money and a business that's growing, but maybe not, would you take the plunge even if failure means you're at $0 after?
rational answer: no.
Yes, it isn't like you'd be unemployable after 12 month.
Looking for a job when you're at $0 and the rent's due sounds like just about the worst sort of stress a person can go through short of medical issues.
I get that but I thought you wouldn't have a problem finding new job. And will you be on zero? Maybe you can grind for 6 months to give yourself more savings if you need to job hunt?
One thing that kills me is Regret. So I suggest you to take the Grandpa Test.
Imagine, you're very old, sitting in a wheelchair & think about this very moment, would you regret not taking the plunge? If you're gonna regret it even a little at some later point in time then do it now. You'd be happy that you tried & failed rather than just not trying enough. That goes for everything in life. You just gotta keep putting in the work.
For example - Take a look at Gary Vee. I mean who the hell would have thought selling beers on YouTube would make you a multi-millionaire but he did it because he kept at it.
Watch Regret Is Poison because you know he says it better.
Personal story - I did it. I didn't take a job after graduating. That was last year 1st June when it all got over. I have made a lot less money than I could've by taking a 9-5 job. Still haven't made my startup dream come true. I was busy watching The Walking Dead & many other shows but I still worked on other things & learnt a ton of shit. So $0 doesn't always mean complete utter failure, it means you know what doesn't work for you. For me, watching TV shows doesn't work LOL so I reduced from 1 show / day to 1 show / week 😂
All the best on your future endeavours 👍
Do things you won't regret
If at the end of the year you'd be at $0, you'd know a few months in advance that that's the case, right? So you could course correct? So you wouldn't have to hit zero?
Me personally, I make sure I always have at least 3 months basic living expenses in the bank. So I'd do whatever I need to to always have that buffer.
Most risk-takers find ways to mitigate their risk. Here are some questions that might clarify thinking:
• Are there ways to grow the business while also working a main gig?
• Are there indicators that more time can help you grow the business to sustain you soon?
It's a highly contextual question, but rationally I think it's a poor idea to "take a plunge" unless you have a lot of safety nets in place and that most risk has been accounted for.