Use your opinion and organized answer plz. Explain one by one plz also easy word... ( no copy-paste)

Your student association has decided to open a new campus comedy club. They have strong financial backing with a bank loan of $750 000. They have little experience in the hospitality industry or with managing small businesses and have asked your team for advice and support. A student employment program from Human Resources and Skills Development Canada has provided each of you with a six-month contract to help get the club up and running. How will you split up the key management functions of planning, organizing, leading, and controlling? What are three key decisions that you will have to make in each of the four functions that will help the comedy club become successful? What metrics will you use to evaluate the effectiveness of your managerial roles at the end of six months?