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If you are switching jobs:
"I'm leaving the business" is really a phrase that requires plenty of courage. When pronounced at the wrong period or in the wrong way, it can have a very negative effect on your career. You can find a working job present with another firm where the pay out is higher, but you remain uncertain if that work place will be better then your current one. After all, it is not all about the money. What if you later on change your brain? After all, this is not a straightforward decision. Needless to say your boss can absolve you and take you back, but it is not guaranteed.