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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 incorrect time or in the wrong way, it can have a very negative impact on your career. You may get a job offer you with another business where the pay out is higher, but you are still uncertain if that ongoing work environment will undoubtedly be better then your current one. After all, it is not all about the money. What if you change your mind later? After all, this is simply not an easy decision. Of course your boss can absolve you and take you back, nonetheless it isn't guaranteed.
