Abstract: This article examines faculty entrepreneurship as a strategic response to the evolving higher education landscape, exploring how academics can translate specialized knowledge into consulting, speaking, and content-creation ventures while maintaining scholarly integrity. Drawing on empirical research and successful implementation cases, the analysis reveals significant benefits at individual, institutional, and societal levels—including enhanced research productivity, improved faculty retention, expanded knowledge transfer, and accelerated research-to-practice translation. Despite these advantages, substantial barriers persist, including restrictive institutional policies, academic cultural resistance, and faculty knowledge gaps regarding business development. The article presents evidence-based frameworks for supporting faculty entrepreneurship through policy reform, structured development programs, and practical resource provision, illustrated through case studies across diverse disciplines. As higher education continues navigating significant structural challenges, faculty entrepreneurship emerges as a critical pathway for expanding academic influence while developing sustainable new models for knowledge creation and dissemination in the contemporary knowledge economy.