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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 time or in the wrong manner, it can have a very negative effect on your career. You can find a working job offer with another company 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 is not all about the amount of money. What if you change your mind later? After all, this is simply not an easy decision. Of course your boss can absolve you and hire you back, but it is not guaranteed.
