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If you are switching jobs:
"I'm leaving the business" is a phrase that requires a lot of courage. When pronounced at the wrong time or in the wrong manner, it can employ a negative effect on your career. You may get a working job give 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 amount of money. What if you later on change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and hire you back, nonetheless it isn't guaranteed.
