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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 time or in the wrong way, it can have a very negative impact on your career. You may get a job present with another corporation where the pay out is higher, but you remain not sure if that ongoing work environment will be better then your current one. After all, it is not all about the money. Imagine if you afterwards change your mind? After all, this is simply not a straightforward decision. Needless to say your boss can forgive you and take you back, but it is not guaranteed.
