OWATONNA, MINN - In 2003, Mike Noble accepted a buyout offer from his partner and co-founder of a thriving Owatonna lighting design and electrical contracting firm.
Noble, who exhibits all the symptoms of a serial entrepreneur, had a logical explanation for the decision: "The business was long past the start-up phase and the challenge just wasn't there anymore."
So he spent three years searching, studying and pondering, and finally found a new challenge.
It was a doozy.
In April 2006, with gasoline prices heading skyward and the economy tilting in the other direction, he opened Noble RV Inc. to sell the hulking travel trailers, fifth-wheelers and motorized recreational vehicles (RVs) that are synonymous with guzzled gas.
We're talking travel trailers that weigh between one and six tons, fifth-wheelers that range from three to seven tons and motorhomes that go from five to 22 tons.
Can you say "counterintuitive?"
Yet, Noble has had no reason to regret his choice -- so far. When he started, his first-year goal was to sell at least 120 units in the remaining nine months of 2006. He wound up peddling 187 of them for a first-year gross of $4.2 million.