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If you are switching jobs:
"I'm leaving the business" is a phrase that requires plenty of courage. When pronounced at the incorrect time or in the wrong manner, it can have a very negative impact on your career. You can find a working job offer with another firm where the pay is higher, but you are still uncertain if that ongoing work environment will be better then the current one. After all, it is not all about the 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, nonetheless it is not guaranteed.
