Being an entrepreneur is not an easy path and changes many aspects of one’s life. An entrepreneur must translate knowledge into a commercializable product and build a start-up around it. The entrepreneur must base decisions on the technology, the market and financial aspects. He or she should keep in mind the actual and future needs of current and potential customers and all stakeholders. These are all challenging tasks requiring not only technical skills but soft skills and execution capacity. Also critical on this journey is realizing that a team – a group of people sharing a common goal and vision – is crucial for achieving success.