Balancing act: Business and household in a small Bolivian city

Abstract

Sucre is a city of micro enterprises. The lines between business and household are often blurred: accounts are mixed, space is shared, and partners from outside the household are rare. On the surface, this kind of business organisation seems most inadequate for economic success. Yet a closer look at the internal workings of Sucre's businesses suggests that the complex 'balancing act' between business and household may represent not sloppy management (as micro-enterprise development agencies often maintain), but a flexible strategy for household well-being. Sucre's businesses essentially follow 'triple bottom line' accounting at the household level, taking into account both financial and non-financial goals.