My process is more like this:

1. Get inspired
2. Write something
3. Convince myself I'm brilliant
4. Show it to my friends
5. Listen to them tell me I'm brilliant
6. Submit it to a publisher
7. Get a rejection letter
8. Convince myself I suck
9. Wallow in self-pity
10. Fear that I'll never amount to anything
11. Repeat steps 6-10
12. Repeat them again
13. Start to really take it all personally
14. throw a frustrated hissy fit during which I throw out everything I've ever written
15. calm down and dig my stuff back out of the trash bin
16. settle into calm depression and don't write anything again for a long time
17. Begin again at step 1