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If you are switching jobs:
"I'm leaving the business" is a phrase that requires lots of courage. When pronounced at the wrong period or in the wrong way, it can have a very negative effect on your profession. You may get a working job offer you with another firm where the pay out is higher, but you remain uncertain if that ongoing work environment will be better then your current one. After all, it isn't all about the money. What if you change your mind later? After all, this is simply not a straightforward decision. Of course your boss can absolve you and hire you back, but it is not guaranteed.
