I didn’t see a followup file from you so I just used the image you posted above. If you want both the “terrific” word and the white outline (stroke) of the word, that isn’t a good candidate for autotracing on the bed of the Glowforge using the lid camera, because what you are talking about is two layers, the green layer and the lower white layer. For something like that you would have to go to Illustrator or Inkscape autotracing.
I went ahead and printed your image anyway, placed it on the bed, and had the Glowforge do the tracing. After deleting the extraneous bits, here is what I was left with:
The autotracing gives you an engrave layer, which in this case you would set to ignore, and a cut layer which you would cut out of your material. I went ahead and increased the size to about 15 inches across and cut it out of cardboard:
It took 1:30 minutes to cut out of cardboard. If I had cut it from plywood it would have been 3:13 and if 1/8" acrylic it would have been 3:07 minutes.
To give you a better idea of what the whole project would take, timewise, I took your photo into Illustrator and autotraced it, deleting everything except the word Terrific and the outlines around it. So I ended up with four layers if you want to exactly reproduce what is in the photo (not including the lightning bolt): top layer is the green text, next layer down is the white outline around the text, next layer down is the black drop shadow, and the lowest layer is the white bubble around it all. If you wanted to cut all four layers out of different colors of contrasting acrylic (I assume you are aware that you can’t cut that PVC in your laser), here are the cut times I came up with for the roughly 15" across figure:
Top (green) layer: 2:54 minutes
White outline layer: 2:46
Black drop shadow layer: 1:48
Bottom white bubble layer: 1:38
Here’s what it would look like if you used black and white layers of acrylic:
(oops, you can’t really see the bottom bubble layer since it’s white on a white background)
I’m including the .svg file from Illustrator in case it is helpful to you: Terrific1.svg.zip (12.1 KB)