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If you are switching jobs:
"I'm leaving the business" is really a phrase that requires lots of courage. When pronounced at the incorrect period or in the wrong way, it can have a very negative impact on your career. You can find a job offer with another organization where the pay out is higher, but you remain uncertain if that ongoing work place will undoubtedly be better then your current one. After all, it is not all about the money. Imagine if you change your mind later? After all, this is simply not an easy decision. Of course your boss can forgive you and consider you back, but it isn't guaranteed.
