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answer 4 of the questions below. Please make use of coursematerials (textbook, readings, videos, class discussions, podcasts) in answers. It should be between 2 & 4 pages double-spaced. 1) What are some of the difficult “truths” about entrepreneurship and smallbusiness ownership that people don’t often talk about? 2) Discuss the benefits/rewards of small business at the societal level. Pleaseshare examples. Discuss the benefits/rewards of small business at thepersonal/individual level. Please share some examples. 3) What are some of the potential competitive advantages of small firms versuscorporations and large organizations? 4) What is the role of ethics in a small business? How can a small business ownerensure that their business is operated ethically.5) Discuss a business where the owner’s legacy is clear and meaningful. Does thismatter? Please explain why or why not.6) What are the three basic strategies that a new venture can choose? (give anexample for each one) 7) Have you found a problem worth solving? How do you know its a problemworth solving? Please explain. 8) Discuss a few of the sources of innovative opportunities that a potential smallbusiness owner may explore if they want to create a new venture. 9) ______________ is the most interesting small business in Northern Virginiabecause — use some of our concepts from class in justifying your choice.10) “Every mineral a rock and every plant a weed,” until a human being puts it touse. This a basic Drucker thought on innovation. Do you agree/disagree? Why? 11)The textbook discusses the characteristics of successful entrepreneurs – whichones really stand out to you? Why? Share some examples.