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Martin Naughton [1940-0] Irish
Rank: 104
Businessman


Martin Naughton, KBE, an Irish entrepreneur, founded Glen Electric in November 1973 with a small manufacturing facility employing just ten people in Newry, Co. Down, Northern Ireland.


QuoteTagsRank
I don't think I'd enjoy running a public company. We haven't needed to go to the market to fund expansion.
101
The only way you can acquire anything is by writing a cheque. At the end of the day you're writing a personal cheque, which tends to concentrate the mind.
102
We see China becoming an unstoppable force. It's a huge threat and a huge opportunity.
103
It's much more difficult running a business than buying one.
104
We recognised from the start that we couldn't just stay in the U.K. and Ireland markets. We have always looked to the products of the future. I've always said, 'If you don't innovate, you'll evaporate.'
105
We cannot rely on imported fuels forever, and we aim to replace traditional oil and gas boiler systems with products which are much more efficient.
106
Making new products is an easy tap for a company in a recession.
107
We didn't wait for the renewable heat incentives to come into place; we wanted to be first to provide consumers with alternative ways to heat their homes.
108
Being Irish means you belong to the clan. It's what you feel. They feel Irish.
109
I think we're much harder on ourselves than other people are. This is not a unique situation here... But I never liked the 'Celtic Tiger' as a phrase.
110
There are still a lot of people who have the expectation that they're entitled to everything and want to pay for nothing.
111
I find politicians globally are somewhat disappointing, not just in Ireland.
112
You can't run a €10 million business the way you run a €1 million business.
113
There's a herd instinct, and every time that people hear an announcement such as PayPal's in Dundalk, they start thinking, 'Ireland must be good if they're investing there', and by extension, 'Dundalk must be good, so let's have a look at it.'
114

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