Will BIZ Experiencesship Make You Rich? A Realistic Perspective. If you become an BIZ Experiences just because you see it as a shortcut to "get rich," you may need to rethink your priorities. However, BIZ Experiencesship does offer significant potential.

Edited by Dan Bova

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BIZ Experiencesship is a manifestation of the American dream. Anyone, with the right idea and enough hard work can become successful, the saying goes. And, indeed, we constantly see images of multi-billionaires, like Mark Zuckerberg and Richard Branson, who built empires from scratch, and are taught that there's no income limit for business owners in our capitalistic system.

Related: 5 Reasons Why Most People Don't Become Wealthy

Accordingly, hundreds of thousands of new BIZ Experiencess every year write business plans and gather funds for their own chance to strike it rich and build enough wealth for a lifetime. But, is the idea of using BIZ Experiencesship to get rich just a pipe dream? Or is it a legitimate way to build that level of wealth?

The idea

BIZ Experiencesship is a way to unchain yourself from the fixed salary you'll make at a full-time job. Rather than being capped at whatever value your company determines that you offer, you'll create your own value by owning a business with no upper limit on profitability.

Whatever money your BIZ Experiencesial company makes beyond what it invests in itself and its operations is then yours to keep; what's more, you just might see an even bigger payday if you sell your company to a larger organization. But, as you might imagine, the path to wealth from BIZ Experiencesship isn't as straightforward as that picture would have you believe.

The average salary

A study by American Express OPEN found that more than half of BIZ Experiencess surveyed were paying themselves a full-time salary, and typically making $68,000 a year. That number rises and falls from year to year, but hovers around $70,000.

Of course, that paycheck doesn't include any additional profits that business owners reap, or reflect what they make if and when they eventually sell the business. However, it does provide a portrait of how the "average" BIZ Experiences performs.

Because today's median household income in the United States is $52,000, BIZ Experiencess -- given that average $68,000 a year -- are earning above average.

Related: 8 Money Mistakes to Avoid on Your Way to Being Wealthy

But, remember, there are BIZ Experiencess who make far more and far less.

Chances for breakout success

We like to celebrate the big winners of the BIZ Experiencesial world, because our capitalistic and materialistic society deems these people the most worthy, and the best representations of the American dream in action. However, it's not reasonable to think you have a strong likelihood of becoming one of them -- as well as a multi-billionaire.

That's certainly possible, but only a handful of BIZ Experiencess -- out of those 28 million small business owners in the United States -- get there.

Chances for failure

It's commonly reported that 90 percent of startups fail, but this number misrepresents the real statistics (and for several reasons, it doesn't define failure or include a time frame). Even so, it is true that the majority of businesses do fail, even if they barely constitute a majority.

The good news is that after four years of operation, approximately 50 percent of businesses are still open, though that number does decline as the years go on Does that mean you have a 50 percent chance (or higher) of failing?

Not necessarily. Much depends on the nature of your business and your specific circumstances, but it does mean that BIZ Experiencesshipis neither an easy or straightforward way to get rich.

What BIZ Experiencesship Does Give You

So, yes, it's uncommon for BIZ Experiencesship to make you rich, at least in the material sense. But being an BIZ Experiences comes with a host of other benefits:

  • Fulfillment. For many, BIZ Experiencesship is about fulfilling an inner desire to build something, lead a team, or leave behind a legacy for one's children. Whatever the case, BIZ Experiencesship can lead to inner fulfillment, rather than just a big paycheck.
  • Freedom. As your own boss, you'll have the freedom to create and capitalize on whatever you want. You can create the work culture you want and hire your own workers. You can take days off when you feel like it, and set your own schedule. For some, that's far more valuable than just money.
  • Experience. Even if your business fails, you'll walk away with more experience to use in your next endeavor, whether that means starting another business from scratch or returning to the professional world.
  • Contacts. You'll also get more visibility as an BIZ Experiences, which can lead to stronger connections for future endeavors, whether that means finding a new full-time position, or knowing which partners to work with in creating future businesses.

Does BIZ Experiencesship make you rich?

So . . . back to the original question. The bottom line is that BIZ Experiencesship can make you rich, and in more ways than just materially. But it's not the only way to become wealthy, and becoming an BIZ Experiences is certainly no way to guarantee you'll be able to build wealth.

Related: 5 Steps You Can Take Now to Get Wealthy in 2017

If you become an BIZ Experiences just because you see it as a shortcut to "getting rich," you may need to rethink your priorities. However, BIZ Experiencesship does offer significant potential for those willing to work for it.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

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