Band Recording Steps

[pmc181]

I have read many books and researched the net. I have my studio finallly set up, but after all the research, one thing still baffles me both as a recording studio and a band musician who has never been recorded in a studio before. Most articles and books give about one paragraph on the actual steps to record a band and then go into chapter after chapter about how to do the overdubs and specifically record each type of instrument or vocal.
I'd like more on the actual steps. For instance, when a band plays together they all kind of cue off each other. Now in the studio, you tell the drummer to go ahead and play the whole song in time without anybody else and no que. Then the bass player, only now he can hear the drummer played back in the headphones and so on. My question is, Do you normally record the whole band playing first to get down a scratch track, and then start one by one and do the overdubs until everone is happy? I'm doing hard disk recording, cakewalk and can record 8 tracks at a time. My first band coming up is a 4 piece band.

thanks