The digital age has revolutionized the entrepreneurial landscape, presenting unprecedented opportunities and challenges. This chapter explores the multifaceted impact of digital transformation on entrepreneurship, emphasizing the importance of digital literacy, innovative business models, and global scalability. It also delves into the democratization of resources and funding, highlighting the pivotal role of digital platforms in facilitating access for aspiring entrepreneurs. Additionally, the chapter examines the transformative potential of technologies such as artificial intelligence (AI) and the Internet of Things (IoT) in creating personalized experiences and driving automation across industries. Furthermore, the chapter addresses the inherent challenges of technological complexity, the digital divide, and ethical and regulatory concerns. By providing comprehensive analysis and real-world examples, this chapter offers valuable insights and practical guidance for entrepreneurs navigating the dynamic and evolving digital transformation landscape.