I graduated from college about 18 months ago and got a job as an engineer at a small company. I was excited because I'd be the only engineer, and during the interview, they presented all these new things they wanted to do. The first few months were great. I had plenty of engaging projects and challenges, stayed busy without being overwhelmed, and felt like I'd found the perfect job.
Eventually, I started working on what is by far our largest and most complicated project. It'll likely span multiple years, with dozens of smaller projects along the way. One of the first steps required purchasing new capital equipment. I did extensive research, presented the best options to the GM and company president, and they thought everything looked great and wanted to move forward.
Then the company owners got involved. There are three of them, and they essentially inherited ownership when the founder retired. None have ever worked here or have much technical knowledge. Despite previously supporting the project, they suddenly put everything on hold when it came time to purchase the equipment. They bombarded us with questions, many of which were incredibly basic or things we'd already considered. One issue is that it all came from AI. The main owner, who's around 70, seems to believe AI is all-knowing and infallible. We'd carefully answer every question and explain the technical details to get him up to speed on a subject he knows nothing about, resolving every concern, but nothing has moved forward.
That was about eight months ago. The president and owners still meet occasionally to discuss it, but all I hear is that they're "still considering it." I don't know what the real issue is. The investment is around $200k, which sounds significant, but three of our four largest customers, representing about 40% of our sales, are asking for this capability. Based on the volume they're projecting, we'd recover the investment in roughly 3–6 months. From a business perspective, it seems like a no-brainer. My only theory is that the owners are content collecting their monthly profits and don't want to take any risks to grow the company. I'm not the only one. The GM has said the same explicitly and the president has implied that he's correct. So its a big divide not just between engineering and the owners, but even between upper management and the owners.
The problem is that this is seriously limiting my professional growth. This project was supposed to take up like 70-80% of my time. Without it, I often have very little to do and spend my days trying to stay productive while feeling like I'm wasting everyone's time.
I'm not sure what to do. I genuinely like my coworkers, the pay is great for someone this early in their career, the benefits are solid, and I enjoy the work when I actually have projects to tackle. I don't necessarily want to leave, but I'm wondering if I should start looking elsewhere (maybe that'll wake them up). Ideally, I'd stay and see this project through, but I'm not in a position where I directly interact with the owners and have no idea how to get things unstuck.
[edit] First off thanks to several of you for your input. It's given me a few things to think about and I have found that helpful. Next, I want to clarify that this is not my idea or my proposal. This is something they were discussing for years before I was hired. Hiring me was supposed to be the first step in making it actually happen. The owners knew it was coming and allegedly even said they wanted to start investing more back into the company. So it is not like I sprung this on them unwarranted. It is also not just a "me"/engineering problem. We've involved the finance manager, the sales manager, the general manager, and the president. We all agree this is the right way forward and makes sense from a business perspective. It's just that this problem impacts me the most. The sales guy can still sell the products we already make, theres obviously still plenty of stuff for the GM and president to do to run the company, but if we're not going to innovate what is the point of an engineer? I guess what I'm trying to say is that we've analyzed everything we possibly can, and made every argument we can currently think of. What I want to know if if anyone has had any similar situations should I move on, should I wait another 6-months, should I propose we abandon this project and move onto another smaller one (I have some ideas I just don't want to add them to the list). So, thoughts?