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Is there a right time to sell your business?


Laura Morris is the founder of Rentabuggy, an award-winning business that leased pushchairs to families.

In 2012, after winning numerous awards, and being shortlisted for the BT Business Grant Competition and Sainsbury’s Nectar business awards, Laura made the surprising decision to sell her business. She tells us why.

The business became my baby, I had plans to take it into airports, etc but during this time I started another business - as a hobby, in essence - called Networking Mummies UK.

But this business started to grow, and people started to come to me for marketing and business advice. I realised that working for other people and making them grow was my passion. So I started my own marketing agency that now provides affordable business solutions for small to medium business owners. 

As things progressed, I soon begun to realise that my passion for Rentabuggy had gone. Everything with the business seemed like a chore. Deep down, I knew that this wasn't right, but admitting this to myself was very hard. 

Rentabuggy had a huge emotional pull for me: it taught me so much and without that I wouldn't be doing the things I do today that I absolutely love. I finally made the difficult decision to put it up for sale. 

I wasn't looking for millions; I just wanted to have something for all my hard work and, most importantly, for it to go to someone who would look after it and grow it. To basically give it what it deserved. 

I spoke to a few friends and family: all apart from one thought I was mad to sell it, but it still felt right so I decided to announce on my social media channels that it was up for sale. I was very lucky that from just ONE tweet, someone saw it, contacted me and - to cut a long story short - she bought it from me. 

After the sale had gone through, I soon realised that I needed to let it go. Since moving on I have grown both of my other businesses and it has given me the opportunity to excel in what I love doing!

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