Some business owners experience financial pressure due to unpaid invoices

Due to unpaid invoices of some clients this Christmas season, some business owners like Richard Labrador, carry the financial pressures until February.

Some business owners experience financial pressure due to unpaid invoices. Source: Moment RF / Karl Tapales/Getty Images

Key Points

• As an insurance brokerage owner, Labrador admits that the business is not at its peak every Christmas.
• According to Intuit Quickbooks, unpaid invoices could reach up to $22 billion for small business owners.
• Maintaining a budget is essential for entrepreneurs who are monitoring the stability of their businesses these holidays.