Sunday, October 16, 2016

Launching ChefQuant Solutions – A Restaurant-level Data Analysis and Quantitative Modeling Service

https://www.indiegogo.com/projects/chefquant-solutions/x/16215053#/

ORLANDO, Fla.- PRLog -- Sid Som, owner and publisher of prominent data analytics and info sites like Homequant, Homeyada, Condoyada, Skylinevalue, TownAnalyst and LocValu, is pleased to announce the launch of ChefQuant Solutions, a data analytics and modeling service for restaurant owners, managers and executive chefs.

Unlike trade organizations that focus on macro industry trends and generic industry solutions, ChefQuant Solutions will offer customized service and solutions to individual restaurants, effectively mining and modeling their sales and survey data. Sid' new Book 'ChefQuant – A Practical Guide to Data Analysis and Modeling for Restaurant Owners, Managers and Executive Chefs' spearheads the launch.

While the vast majority of independent and non-chain restaurants have access to their customer data, they do not necessarily possess sound know-how to explore and mine their own data reservoir. Sid contends that each restaurant has its own unique micro market, often significantly bucking its (macro) industry trends and nuances. A restaurant's data reservoir is therefore its own internal goldmine with hidden answers and solutions waiting to be harnessed for their success and profitability.

Industry-level data solutions are too broad-based to be plug-and-play for all; consequently, one-size-fits-

all industry solutions often require costly re-engineering to be, at best, somewhat productive for most members. Instead, if they are provided some hand-holding in understanding and modeling their own data, they will perhaps promptly learn to address their own shortcomings and remain on a profitable path.

The reason Sid published the Book ahead of launching the consulting service is to demonstrate as to how his proposed solutions could be of tremendous help for all restaurant owners – successful or not-so-successful. Even those who are contemplating opening new restaurants or adding new locations can benefit immensely from his services.

Since ChefQuant solutions are based on a restaurant's own data, rather than borrowed generic data from the competition or the industry as a whole, they are totally custom tailored, addressing their own unique issues and challenges, hence incredibly result-oriented.

Depending on the individual needs, ChefQuant Solutions will provide solutions ranging from customer survey analysis to demographic analysis for new locations to identifying deficiencies in existing menus to advanced sales and seasonality analysis to sales forecasting to internal performance and service metrics, to name just a few possibilities. Needless to say, ChefQuant uses sound statistical, econometric and operations research techniques in mining and modeling all data.

In a recent conversation Sid mentioned, "The independent restaurant market is one of the most competitive markets out there. One of the reasons many succumb to the competition is that they do not attach much importance to data analysis and modeling, which in most cases hold the key to their success or failure. Granted, restaurant owners, professional managers and chefs are not expected to be trained quantitative technicians, which obviously created a dire need for external professionals to step in and work with the industry to develop custom solutions. I urge all restaurant owners, managers and chefs to read my new Book and decide for themselves what we have to offer. Moreover, our solutions carry 100% satisfaction guarantee, so what do you have to lose? Bring your data to us and we will show you the path to continued success and profitability."


http://chefquant.blogspot.com/

End

Thursday, October 6, 2016

Hi Chefs - Use Culinary Data Science to Optimize Your Recipes and Menus

(Click on the image to enlarge)

Reader's Review
I just finished reading the book and I just wanted to let you know that I really enjoyed it.  I love the approach you took with it.  You were able to give all that amazing info and analysis but by telling the story you did it in a way that is easy reading and very compelling.  There’s a lot of valuable info packed in here that anyone who has an interest in restaurants needs to be aware of.  I was hoping for a different ending but I’ll get over it.  Well done Sid and I hope ChefQuant takes off!

Link to the Book on Amazon

Our LinkedIn Chefs and Restaurant Owners/Managers may request Complimentary PDF copy of the book!
Chefquant@gmail.com

Monday, October 3, 2016

Announcing ChefQuant – A Practical Guide to Data Analysis for Restaurant Owners and Chefs

Press Release

https://www.prlog.org/12591504-announcing-chefquant-practical-guide-to-data-analysis-for-restaurant-owners-and-chefs.html

ORLANDO, Fla. - Oct. 3, 2016 - PRLog -- Sid Som, the author of popular info sites like HomeQuant,  Homeyada, TownAnalyst and SkylineValue, is pleased to announce the availability of his newest e-book/paperback, ChefQuant, on Amazon.com. It's a practical guide to data analysis and modeling for restaurant owners, managers and chefs.

This book will teach the readers the issues and techniques that are rarely found in textbooks and courses offered by professional institutions. It covers such hands-on chapters as location planning, demographic analysis, menu planning, pairing wines, sales analysis and rewards promotion, profitability analysis, seasonality to year-round business, alternative capital planning and real estate strategies, re-steadying business plans, etc. to help make more informed decisions. While this book is intended for restaurant owners and executive chefs, it could be very useful for anyone planning to start a non-dining retail business as well. People starting out as general financial and statistical analysts could make use of it as a primer, while business and economics professors can recommend it for the case studies.

While some restaurant review sites have gained tremendous popularity amongst consumers and media folks, they do not necessarily help the restaurant owners in making any meaningful operational or strategic decisions as those surveys do not constitute scientific polling, thus the underlying atomic data are generally unsuitable for any consequential statistical analysis or econometric modeling. Additionally, such surveys are usually few and far between for the smaller outfits and start-ups.

The primary objective of this book is to educate the owners and managers of independent restaurants as to how to apply a set of easy to use yet highly scientific methods to analyze and model the right type and amount of data. Given the highly diverse nature of restaurants and the general ease of data collection on their part, this book therefore focuses more on analyzing and modeling data and forecasting outcomes than on standard data collection methods, with the exception of specialized events like demographics, location and seasonality.

Data collection is generally a simpler process for restaurants than many other types of businesses. Each time the cash register rings, an atomic sales data is created. Of course, sales data alone does not provide a sound basis for technical analysis. They have to be properly complemented with the satisfaction data. A few straight forward survey questions immediately following the sales provide the feedback loop leading to enormously powerful and minable technical data. Then, by meaningfully connecting and mining the combined sales and satisfaction data, independent establishments may arm themselves with the knowledge that is utterly germane to informed and intelligent decisions.

Instead of writing the book in the form of a traditional text book, the author used a storyline to communicate with the readers, thus making it a fun experience as a whole, rather than forcing them into a black box and asking them to figure things out.To make the experience even more palatable, all mathematical equations and formulas have been steered clear of. While this is not a science fiction, this book additionally proves that science and fiction could be seamlessly married for maximum synergy.


Saturday, October 1, 2016

ChefQuant - A Practical Guide to Data Analysis for Restaurant Owners, Managers & Chefs

(Click on the image to enlarger)
Read it for the science. Read it for the fiction. Worth it, either way.
Link to the Book on Amazon

Available in Both: Kindle/Device and Paperback    (Search: Chefquant Book)

Reader's Review
I just finished reading the book and I just wanted to let you know that I really enjoyed it.  I love the approach you took with it.  You were able to give all that amazing info and analysis but by telling the story you did it in a way that is easy reading and very compelling.  There’s a lot of valuable info packed in here that anyone who has an interest in restaurants needs to be aware of.  I was hoping for a different ending but I’ll get over it.  Well done Sid and I hope ChefQuant takes off!

Free Reading:
Chapter 1 
Chapter 2