Conducting business is the process of engaging in commercial transactions, such as buying and selling goods and services. It involves the exchange of money for goods or services, and it is an important part of the economy. The term 'conducting business' can also refer to the process of opening a business, which includes registering with the government, obtaining licenses, and setting up a business plan. The term 'OPEN' is often used to describe the first step in conducting business, which is to OPEN a business.