>No, I mean consider the problem in its entirity, and then factoring it into each of its individual components. Then take the components and factor them down further, and repeating as often as necessary. Basically, it looks at a problem (from the top) in terms of each of its components (to the down). Thus, Top-Down.

Sure (Yourdon et al).

But for me it's an iterative process; I usually don't get it right the first time. Therefore, the need to revisit. And since "I own the company", I don't have to wait for the "final design" before I'm allowed to start programming :)