To hear Michael Arquin tell it, he's more of a dreamer than a businessman -- and he has a P&L statement showing a modest 8 percent return on revenue to prove it.
But that's OK, because he's on a mission to educate teachers and their students about the science of alternative energy, specifically wind power, which means that he provides a sizable chunk of his offerings free of charge.
Arquin, 39, is founder and director of KidWind Project Inc., a St. Paul company that offers free lesson plans and 30 to 40 teacher workshops a year to promote what he calls "the elegance of wind power."
In the process, however, he has built a business that grossed $1.1 million in 2009 from the sale of a growing line of miniature wind turbines that teachers buy for classroom experiments, demonstrations and science fair projects that explore such "elegant" matters as blade design, gear ratios and aerodynamics.
Of the 16 wind-energy kits the company offers at its online store, 10 are proprietary, most of them the product of Arquin's "tinkering and inventing." The company also offers a half-dozen solar kits that allow students to amuse themselves with such tricks as charging their cell phones or powering model boats with the help of Old Sol.
Last year's gross grew an eye-fetching 88 percent from $585,000 in 2008, never mind the crippling recession. Since 2005, KidWind's first full year in business, revenue has grown at a compound annual rate of better than 90 percent.
I can think of a few Wall Street bankers who should be such lousy businessmen.
Nonetheless, Arquin insists that "I'm not in this for the money; I'm in it to promote better education. The money's more of an accident."