Several different ways come to mind:
1. Insert the picture. Right-click on the picture, left-click on Format
Picture | Layout, and choose square or tight for the wrapping style. Text
that you type will automatically wrap around the picture.
2. Insert the picture. Insert a text box, type your text into the text
box, and drag the text box to where you want it on the page next to the
picture.
3. Insert a two-column by one-row table by clicking on Table | Insert |
Table. Insert the picture into one table cell. Type your text into the
other table cell.