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If you are switching jobs:
"I'm leaving the business" is really a phrase that requires a lot of courage. When pronounced at the wrong time or in the wrong manner, it can have a very negative effect on your profession. You can find a job offer with another company where the pay is higher, but you are still not sure if that work environment will undoubtedly be better then the current one. After all, it is not all about the amount of money. Imagine if you change your mind later? After all, this is simply not an easy decision. Of course your boss can forgive you and take you back, nonetheless it is not guaranteed.
