Appreciate the feedback and advise guys.

Caught up with my wedding photographer today and had a good chat about the industry. First sacarstic comment from him was - "Are you ready to get a divorce!" lol.

Finances aside, my wife and i are in a good position - no mortgage, just the every day bills and expenses.
I've yet to resign my day job, though i'm going to take a lesser role for the interim - think Chris Tarrant (Full Forward => Half Back Flank). Also that Essendon footballer who did the same thing last season.

The kind of photography work i’m looking and getting myself into is kids portraits - one to shoot candid shots at a birthday party or event.
My other interest i’m eyeing on is real estate photography.

Let you know my business name once i get it registered.

Stephen.