Meaning of the word "a piece of the action" in English

What does "a piece of the action" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

a piece of the action

US /ə piːs əv ðə ˈækʃən/
UK /ə piːs əv ðə ˈækʃən/
"a piece of the action" picture

Idiom

a share in an activity or enterprise, especially a profitable one

Example:
Everyone wants a piece of the action when a new business is doing well.
After seeing their success, he decided he wanted a piece of the action.