This panel discussion is centered around the challenges and rewards of developing a research program and professional leadership skills early on in the career, starting as a graduate student. During this session we shall think strategically and offer advise of practical nature for some of the key aspects of initiating a thriving research program. This includes: making time for research, writing your PhD thesis and your first research papers, establishing collaborations, applying for your first job, attending and organizing conferences and scientific events in your area, and seeking funding.