Why Do Many Producers Fail?

So, I have asked this of a few folks as I evaluate my preparedness for production in the FE ranks. I would like to field this question to a larger audience...

What are the main reason(s) people fail out of this business? I have received some feedback already that is fixated on work ethic, but I wonder if that is the case a lot of times.

Could it be more so that many people lack the mental toughness to take the rejection and keep on trucking? I find this to be a different issue than work ethic.

Thanks for the continued input from the forums.
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