CSR is vital for entrepreneurs for several reasons:
1. Reputation Management: Engaging in CSR can enhance the reputation of a startup, making it more attractive to customers, investors, and potential employees. 2. Customer Loyalty: Consumers are increasingly favoring businesses that are socially responsible. Adopting CSR practices can lead to increased customer loyalty. 3. Attracting Talent: Employees prefer to work for companies that are socially responsible. CSR can help in attracting and retaining top talent. 4. Risk Management: CSR can help mitigate risks related to environmental and social factors, potentially avoiding costly legal issues and improving business sustainability.