7) Giving up. Indeed, there are some entrepreneurs who easily give up. Well, this should be avoided as giving up makes their business fail. Successful entrepreneurs have to persist and should not quit easily in running a business. It is critical to be a fighter!
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Retail businesses are a prime example of this. Most retail shops are located on the high street or in areas where the shopper density is likely to be high. This is due to their reliance on foot-falls for the continuance of the business. A variant of this is those that are exhibited by local street side businesses. Usually operating under the fast-food category or knick-knack and curio stalls, these local businesses rely heavily on their location for their business volumes. Trans-locate them to another location and you might as well be sounding the death knell for them.