Business Name: CFolio Ltd
Support received: Start Up Loan and business advice
Norwich-based business CFolio Ltd helps businesses to operate paperless. From the planning of work to completing of compliance documents through to extracting the data to produce reports, they tailor application software to fit the client and their needs. Employing two people, CFolio Ltd launched in September 2016.
We spoke to co-founder, Lee Chapman about their successful business start-up.
What was your motivation for starting your own business?
I am a serial entrepreneur and know a good idea when I see one. It was our experience in my last business that led us to start CFolio Ltd. We had been looking for a solution to enable us to complete all of our compliance and procedural paperwork digitally, but were met with a very confusing market place where costs were hidden and extra features were always just that! We finally found a new product and loved it.
What makes your business unique?
I approach the developer of the software who was too busy with their other business to get it to market. One year on we are now the UK’s only licensed VAR (value added reseller). I believe the fact that we are experienced in business means we can really understand the pain points which our software can remove, rather than being a software developer who is able to design but having no understanding of business.
When did you gain your first customer? How did this make you feel?
We have just started to trade and hope to gain our first customer very soon!