Fully a third of small business owners don’t have a retirement savings plan, according to a recent survey by small business site Manta. Of those who don’t, 37% don’t make enough profit to save for retirement, 21% used their previous retirement savings to invest in the business, and 18% plan to sell their business to fund their retirement.

“I find that small business owners, especially successful ones, are typically very driven and optimistic people,” says Kirk Licata, a financial advisor in Atlanta. “Oftentimes, they put blinders on to focus on their vision and may not have savings, succession or insurance plans in place along the way.”

Unfortunately, optimism won’t pay the bills in your retirement years, so it’s likely that small business owners could use some additional planning. Here are some strategies to help make the future more secure.

Start saving immediately. “I always recommend that entrepreneurs act as if they will never sell their business and plan accordingly,” says Ryan Fuchs, a financial advisor in Frisco, TX. “Set up a retirement account and save in it. There is no guarantee that they will be able to sell their business to fund their retirement. And even if they do, there is no guarantee that they will get enough to retire on, particularly after they account for taxes.”

Read full content here: Forbes