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If you are switching jobs:
"I'm leaving the business" is a phrase that requires lots of courage. When pronounced at the wrong period or in the wrong manner, it can have a very negative impact on your career. You may get a working job give with another business where the pay out is higher, but you remain uncertain if that work place will undoubtedly be better then your current one. After all, it is not all about the amount of money. Imagine if you change your brain later? After all, this is not a straightforward decision. Needless to say your boss can absolve you and consider you back, nonetheless it is not guaranteed.