The National Small Industry Day is an annual celebration observed on 30th August. It is dedicated to promoting small businesses nationwide and offering job opportunities to the unemployed. The day is celebrated to boost the overall growth potential of small industries. Here are seven tips to start and progress a small business – you will need to create the following:

1. Your workspace: A designated working environment – either at home or a services office or shared workspace – will instil a sense of productivity. If at home you must always have a separate room or a quiet spot where you can go when you're ready to be productive – you'll need this quiet space to avoid interruptions in your work. So, first and foremost, set up a distinct workstation and keep a clean working environment!
2. A financial plan: Many small businesses require little or no capital. Even so, you must plan for your financial situation. Make a budget for how much you'll spend on each field – marketing and advertising, capital equipment, travel and subsistence etc. Even if you can start your business with a small amount of capital, make financial plans like opening a separate bank account. Before you begin, don't forget to complete this step.
3. A business plan: Make adequate preparations before starting your home-based business. What kind of business can you start; what are your areas of interest; how can you plan for it, what supplies will you need; when can you start working; how will you design your workplace; and so on. In a nutshell, develop a good strategy.
4. A strict work schedule: Set aside some time to devote to your business. Because you are the owner, manager, and sole proprietor of your company, you have the flexibility to choose your own hours. It might be any time of day – but stick to a rigorous schedule. Make no excuses for not completing your task. Stay active in your business, stick to your timetable and work on a regular basis.
5. An identity: Every business has a domain name, a brand identity, and a logo mark. Your start-up/home-based firm has the same need as a large company. This is why you should not miss this step. As soon as is feasible, register your company with the appropriate authorities and obtain your identity.
6. A list of additional resources: You are the best judge of whether or not you require assistance. This does not mean that you must engage a professional; you may instead enlist the assistance of friends or family members to help and advise those early steps.
7. Your business network: If you want to flourish, even more, you must take this stage, which entails increasing your contacts and expanding your business network. Your network will assist you in increasing your popularity. You may do this through advertising your business and increasing face-to-face interactions and relationships with people. 

Identify your gift and utilise it to develop your small business. Do it today on Small Business Day.