Everyone's process is different but that is somewhat of the overall gist...
For example, I grow out the seedlings until they're large enough to clone off of (these are called seed mothers and in this example, ill refer to them as S.Mom). I then take a clone and root it(referred to as S.M.Clone), once the S.M. Clone roots, I will then proceed with the growing process... veg, bloom, harvest, cure, etc. All the while keeping the S.Mom in a tent under veg conditions. Once I have found an S.M.Clone that fits what I want out of the cutting (has a good odor profile, bag appeal, potency, yield from rosin extractions, and overall grow time are some of the parameters); I then go back to the original S.Mom and make her my official mother of that cultivar. Some people just grow out their seed stock then either clone or attempt to reveg the plant in order to get a mother from it. Everyones procress is different though, this is just what I've found works for me. Ive been in the situation where I grew some amazing plants, and I couldn't get them to clone for the life of me and they absolutely refused to reveg. So it was a one and done which was a total bummer...