So - the trace bitmap is basically when you have an image that is already composed that you want to work with as a .svg, but without doing a lot of edits to the .svg? So - if I have alot of images, I should just work on those images in their current format before going to Inkscape?

I am very new to inkscape. I have figured out a few things, but I am having trouble with the conversion of my small business' logo that has text inside of it, into a .svg where I will then need to recolor the .svg so I can use it in other documents. I have several sized .jpgs I can pick from. I am a...