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Kind Founder and Shark Tank Judge on How Entrepreneurs Can Work Through 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 who are unsure of what to do next during the ongoing COVID-19 pandemic?

Daniel Lubetzky, KIND Snacks Founder & Executive Chairman and Shark Tank judge, joined TheStreet to give his advice for entrepreneurs during COVID-19. 

According to our partners at TurboTax, if you are moving from employee to self-employed, here's what it means for your taxes.

You can follow Katherine Ross on Twitter at @byKatherineRoss

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