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If you are switching jobs:
"I'm leaving the business" is a phrase that will require 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 with another business where the pay is higher, but you remain uncertain if that ongoing work environment will undoubtedly be better then your current one. After all, it isn't all about the amount of money. Imagine if you change your brain later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and consider you back, but it is not guaranteed.
