Management Homework Help

I Need assistance on how to approach the following situation/scenario:

1). Shawn is creating a

business that provides advertising on public restroom stall doors. He is funding the project from his personal savings of $5,000 and does not expect to use any outside financing. Should he develop a business plan? Why or why not?

2). why a prospective business founder might want to establish a feasibility study or Business Model Canvas before developing a complete business plan.

3). How can spending time researching and writing a business plan save an entrepreneur time and money in the short run and long run?

4). Explain why the executive summary is the most important section of any business plan.