Some things I did not understand until I was part of the publishing industry:
- Awards ≠ sales
- Critical acclaim ≠ sales
- Almost all authors you see in a bookstore have another source of income, usually large enough to pay the bills
- You do not have to publish to be a writer
If I may add as another publishing industry professional: most of the time small presses will treat a book with 10 times more care than any of the big 5.