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This story appears in the March 2016 issue of Entrepreneur. Subscribe »

Q: I'm grooming an employee to run my next location, but she has also developed (on her own time) a prototype for a product that can benefit clients in our field. She kept me informed about the project, and I've been providing ongoing feedback.

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I declined her offer of partnership because I don't want to divert time and money, but I'm tempted. She intends to keep working for me and is also looking for investors to take her product to market -- but recently, with my feedback, she turned down an investor we thought wasn't trustworthy. I'm happy to continue advising her, but could my involvement backfire?

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