Bai Founder's Tips for Business Success During COVID-19

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On Thursday, Oct. 29, data showed that the U.S. economy grew the most on record over the third quarter as trillions of coronavirus relief from Congress and the Federal Reserve supported household and business spending.

Third-quarter GDP growth was pegged at 33.1% on an annualized basis, the largest three-month increase on record and just ahead of the 32% surge that was forecast by economists and the final 31.4% decline -- another record -- tallied for the three months ending in June.

Weekly jobless claims also improved, according to Commerce Department data published alongside the GDP estimate, with 751,000 Americans filing for unemployment benefits last week, down from the upwardly-revised reading of 791,000 for the prior period.

The gains, however, still leave the broader economy notably weaker than at the start of the coronavirus pandemic, with more than 10.7 million jobs lost.

But with so many Americans still out of work, what's some advice for entrepreneurs struggling during the ongoing COVID-19 pandemic?

Ben Weiss, founder of Bai and Crook & Marker joined TheStreet to talk about his advice for entrepreneurs. 

You can follow Katherine Ross on Twitter at @byKatherineRoss.

Read more from Katherine Ross here.

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