Revolutionizing Restaurant Finances with Starfish AI: Insights from Jordan Silverman

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Revolutionizing Restaurant Finances with Starfish AI: Insights from Jordan Silverman
In this episode of the Restaurant Technology Guys podcast, host Jeremy sits down with Jordan Silverman, co-founder and CEO of Starfish, a company dedicated to helping small businesses understand and manage their finances using AI. Jordan shares his journey, from early entrepreneurial endeavors to his passion for assisting small businesses in democratizing access to data and tools. The conversation delves into how Starfish leverages AI to analyze P&L data, identify cost-saving opportunities, and provide actionable insights to improve profitability. They discuss the challenges of the restaurant industry, the importance of understanding financial metrics, and the future potential of AI in streamlining back-of-house operations. Tune in to get inspired by Jordan's mission to enhance the financial health of small businesses in the hospitality sector.
00:00 Introduction and Guest Welcome
00:23 Jordan Silverman: Background and Passion
01:32 Challenges of Entrepreneurship
01:54 Helping Small Businesses with AI
03:15 The Importance of Financial Understanding
04:22 Sponsor Message
04:59 Starfish: The Solution for Cost Management
07:05 The Value of Actionable Data
11:56 Real-World Impact of Starfish
17:03 The True Cost of Small Business Ownership
18:10 Leveraging AI for Business Efficiency
19:07 AI in Action: Practical Applications
21:47 Challenges and Solutions in the Restaurant Industry
24:03 Normalizing Data Across Different Restaurant Models
33:05 The Future of AI in Restaurant Management
35:27 Conclusion and Final Thoughts