Page 32 - Flathead Beacon // 5.28.14

32 | MAY 28, 2014
BUSINESS MONTHLY FLATHEADBEACON.COM

ONE VALLEY,
ECONOMIC INDICATORS
ONE VISION Kellie Danielson

Use Business Model Canvas to
Transform Your Organization
UNEMPLOYMENT FIGURES
AVERAGE GAS PRICES BY STATE
T
UNEMPLOYMENT RATES BY STATES HE BUSINESS MODEL CANVAS IS A “PAPER $ 4.4 0 /gal.
HIGHESTHAWAII
(APRIL) canvas” that allows someone or a group of people to
LOWEST ARKANSAS $ 3 . 3 7
15TH LOWEST: Montana 4.8%
describe and think through the business model of /gal.
an enterprise, or to clarify their current model. The can-
vas assists entrepreneurs to translate their business plan /gal. MONTANA(7THLOWEST)
$ 3.4 1
into business processes, without getting stuck on the de-
LOWEST:
tails. Co-created by 470 practitioners from 45 countries, HIGHEST:
SOURCE: GasBuddy.com
N. Dakota 2.6% the Business Model Canvas can be found online at www. Rhode Island 8.3%
businessmodelgeneration.com.
GLACIER PARK INT'L AIRPORT STATS (APRIL)
This week a training course on the how to use the can-
NATIONAL AVERAGE
vas was held at Flathead Valley Community College. The DEPARTURES
6.3%
class instructors were local entrepreneur Mike Kazmier,
Montana West’s Kim Morisaki and FVCC’s Jill Seigmund. 2013 11,777
SOURCE: Montana Department of Labor & Industry
Last month two local residents attended the class, met 2014
11,657
with Montana West, and recently were funded by a local
MONTANA EMPLOYMENT CHANGE bank to get their new business of the ground.
0
5,000 10,000 15000 20,000
Kudos to this team for mapping out their business mod- ARRIVALS
BY INDUSTRY (APRIL TO MAY)
el to launch as soon as possible their idea.
2013
The canvas creators deine a business model as “a mod- Natural Resources and Mining
0%
12,084
el to describe the rationale of how an organization creates, Construction +1.3% 2014
12,389
delivers, and captures value.” The canvas process includes 0
Manufacturing +0.5% 5,000 10,000
15,000 20,000
nine building blocks for the enterprise or an organiza- Trade, Transportation and Utilities +0.2% SOURCE: Glacier Park International Airport
tion to identify: customer segments, value propositions,
channels, customer relationships, revenue streams, key Information 0%
HOUSING STATISTICS
Financial Activities
0%
resources, key activities, key partnerships, and cost struc- Professional & Business Services
IN FLATHEAD COUNTY (APRIL)
+1.0%
ture. A business model is NOT a person’s business, but a Education & Health Services
+0.4%
roadmap for understanding and focus.
2011 2012 2013 2014
If you decide to try the canvas, consider these options: Leisure & Hospitality
-1.8% Residential Sales 89 114 128 94
1) place a sticky note in the middle of the canvas at the end Other Services
-0.6%
of the brainstorming and write the question, “what are the Government -0.1%
Residential Land Sales
20 42 41 38
bigger problems to solve?”; 2) Write on a sticky note before Figures do not include self-employed or agricultural employment. In total, Montana’s non- SOURCE: Jim Kelley at Kelley Appraisal in Kalispell
beginning the brainstorming that reads “what if?” Work agricultural, seasonally adjusted payroll decreased by 500 jobs in April.
SOURCE: Montana Department of Labor & Industry
hard not to be held back in the thinking by the status quo. I
was taught in quality management techniques training not HIGHEST UNEMPLOYMENT RATES MONTH IN STOCKS
to consider funding when exploring opportunities until BY MONTANA COUNTIES
the very end of the brainstorming.
(MONTH)
DOW JONES INDUSTRIAL AVERAGE +0.5% 16,595.64
What we think not possible may be achievable. “What
if” questions are places to start, just as the “GO” block in Lincoln 13.4% NASDAQ
-2.6% 4,174.17
the game Monopoly.
Big Horn 11.1%
Want to try the canvas? Montana West Economic De- S & P 500
+1.1% 1,862.54
Sanders 10.9%
velopment at 314 Main Street in Kalispell will provide free Glacier 9.8% PLUM CREEK (PCL)
+2.1% 43.48
copies of the canvas, one per individual please.
Granite 9.2%
The Glacier Startup Weekend event — Sept. 19-21 at
Flathead Valley Community College — is now open for reg- Mineral 7.7% APPLIED MATERIAL (AMAT) +4.2% 20.06
istration. Visit glacier.startupweekend.org.
Powell 6.7%
This column was originally intended to run in last month’s GLACIER BANK (GBCI) -3.8% 26.28
Business Monthly but was accidentally replaced with a previ- Flathead 6.6%
Lake 6.4% NORTHWESTERN ENERGY (NWE) -1.7% 46.87
ous column.
Ravalli 6.0%
CENTURYLINK (CTL)
+7.6% 37.24
0% 5%
10%
15% 20%
Kellie Danielson is president and CEO of Montana West Economic SOURCE: Montana Department of Labor & Industry
Month in Stocks: Listed in trading price on Friday, May 23 and percent change from closing on April 23.
Development and Flathead County Economic Development Authority.