Now duplicate all these words and change the color of each of them to the grey color. So now you have a set of layers with the menu items in blue and a set of the same menu items in grey. This is just so that you can see what the words would look like if you were to hover over them in the real site. Only make one of each menu item visible at a time.
Next I made a custom RSS feed icon which you only really need to add if you were planning to have RSS feeds available on the site. First I drew a rectangle using the blue color then I added the word 'RSS' using the font, 'Rockwell' in white. For the actual feed icon you can download it from here in the 'Developer Kit' and place it into your document. I then put the icon in a new layer group then duplicated the group then changed the blue rectangle to a grey rectangle, again to show what it would look like when hovered over.
I thought that a kind of slideshow element would look good on the homepage so to figure out what it would look like I copied in a stock image which matched the color scheme, if you;re interested the image can be downloaded from SXC here. Paste the image into your document then scale it down and position it like so.
Select the rectangular marquee tool and drag a selection box over the image (the part which you want to keep) then select the layer with your image in it then go Layer>Layer Mask>Reveal Selection and you should be left with something that resembles the image below.
Using the font 'Rockwell' again type a wee caption with the text tool. Next create a new layer and drag the layer below the text then draw two white rectangles behind the words then change the text color to the same blue that we used before.
To the right of the slideshow image I left a space for a small quote or maybe a 'welcome to our site' thing. I put in the quote by drawing a text box then typed a a few words in a sans serif font in the grey color. Next I added some oversized quote marks by doing each one in a separate text layer and boosting up the pt size and positioning them accordingly.
In the middle of the page I wanted to display some news items in a sort of blog format. First I typed 'news' using the grey color and 'Rockwell' as the font. Next I created a new layer group called 'Item 1' where I would put in all the the elements that make up the first news item. Type the title of the first news item and place it within this group.
Next I added some text which would make up the news item then a date at the top right. I put all this within the same news item group.
Using a light grey color draw a rectangle around the first news item like shown in the image below.
Now right click on the layer group and duplicate it then move it down and change the title. Now do this again so you have three news items then delete the rectangle layer from the second news item.
I thought a good use of space in the sidebar would be a Flickr group display which is quite popular in design sites now and can be seen on sites such as PSDlearning and Fuel Your Creativity. Firstly put in a suitable title in the same style as the news title. Now add some images with dimensions; 75x75px, If you want you can copy the thumbnails from the sites I mentioned above then paste them in. Now just arrange them like I've shown below.