
Maxwell does an excellent job encouraging people not to identify themselves with failures in their lives (or with their successes either). Instead he challenges, his readers to learn from each experience in life and understand that the only way to learn is through a series of trials and errors. Any expectation that we will go through life without making any mistakes only leads us to disappointment and magnifies the misery we feel when we fail.
Here is a summary of the main 15 points in the book. (Follow the link to get an excellent summary of the entire book.)
"Don't waste energy trying to cover up failure. Learn from your failures and go on to the next challenge. It's okay to fail. If you're not failing, you're not growing." -- H. Stanley Judd
Re-read through each of these points slowly. There is tremendous wisdom in these words!
- Realize there is one major difference between average people and achieving people.
- Learn a new definition of failure.
- Remove the 'you' from failure.
- Take action and reduce your fear.
- Change your response to failure by accepting responsibility.
- Don't let the failure from outside get inside you.
- Say good-bye to yesterday.
- Change yourself, and your world changes.
- Get over yourself and start giving yourself.
- Find the benefit in every bad experience.
- If at first you do succeed, try something harder.
- Learn from a bad experience and make it a good experience.
- Work on the weakness that weakens you.
- Understand there's not much difference between success and failure.
- Get up, get going, get over it.
Maxwell further raises the challenge that if you are not failing, you are not in a position where you are growing. Without trying things and discovering ways that do and don't work, we will never truly discover ways in which to create, innovate, succeed, learn, or grow.

Since reading "Failing Forward", I have been amazed at how my own perspectives on failure have changed. I think it's going to be a lifelong journey, but I am becoming more comfortable with the idea of taking risks, facing uncertainty and making decisions with uncertain outcomes that may involve failure. I don't know how or why I got it in my head that failure was such a bad thing, but I know I am not alone in having internalized this lesson. This book seeks to unteach that lesson and replace it with a far more freeing one. It does so without being Pollyannaish in any way.
"Life is not simply holding a good hand. Life is playing a poor hand well. -- Danish Saying
Perhaps the greatest lesson of the book is teaching you to give yourself grace when you fail or fall short of perfection. I think this is a message many (myself included) need to hear.
Now that I'm studying economics, it's interesting to see how many of these ideas tie directly in with theories of entrepreneurship and descriptions of economic actors. Concepts of risk and reward, uncertainty, discovery, innovation, trial-and-error are all large parts of economic theory and tie-in to great lessons about life. We were just discussing choice under risk and uncertainty in Bryan Caplan's class last night and I couldn't help but think about some of the lessons from this great book.
While not an academic work, I'd certainly credit this book with being my first introduction to many of these ideas and very influential in my thinking. It has helped give me better rationale for being more adventurous and risk-taking in life. Becoming comfortable with these ideas certainly played a big part in my decision to quit a good paying job of being an engineer and coming back to school to work on my PhD.
Fortitudine Vincimus - "by endurance we conquer." -- Shackleton family motto

I cannot recommend both "Failing Forward" and "Endurance" highly enough! These are two books that should be added to you collection. Be sure to read them both. They will change the way you view both failure and perseverance and could possibly change your life!
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