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If you are switching jobs:
"I'm leaving the business" is really a phrase that requires plenty of courage. When pronounced at the wrong period or in the wrong way, it can have a very negative effect on your profession. You can find a job offer with another firm where the pay out is higher, but you are still not sure if that ongoing work environment will be better then the current one. After all, it is not all about the amount of money. What if you later change your brain? After all, this is simply not a straightforward decision. Of course your boss can forgive you and take you back, but it is not guaranteed.
