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If you are switching jobs:
"I'm leaving the business" is a phrase that will require lots of courage. When pronounced at the wrong period or in the wrong manner, it can employ a negative impact on your profession. You can find a job offer you with another company 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 is not 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 forgive you and take you back, nonetheless it is not guaranteed.
