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If you are switching jobs:
"I'm leaving behind the business" is a phrase that will require a lot of courage. When pronounced at the wrong time or in the wrong way, it can have a very negative impact on your profession. You can find a job offer with another business where the pay out is higher, but you remain uncertain if that work environment will be better then the current one. After all, it isn't all about the money. Imagine if you change your mind later? After all, this is not an easy decision. Needless to say your boss can absolve you and hire you back, nonetheless it isn't guaranteed.
