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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 wrong period or in the wrong manner, it can have a very negative impact on your career. You can find a job offer you with another business where the pay is higher, but you remain uncertain if that work environment will be better then the current one. After all, it isn't all about the amount of money. What if you change your brain later? After all, this is simply not a straightforward decision. Needless to say your boss can absolve you and take you back, nonetheless it is not guaranteed.
