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If it has been stuck on “Please wait while we set things up for you” for over an hour, hold the power button for about 10 seconds to shut it down, then turn it back on.
Windows 11 Home and Pro for personal use require a Microsoft account during setup. It does not have to be an Outlook or Hotmail address; you can use Gmail, Yahoo, or another email address.
After setup, you can switch to a local account under Settings > Accounts > Your info > "Sign in with a local account instead."
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