Removing outlook profile

Outlook giving error "Before deleting the e-mail account containing your personal mail, contacts, and calendar data, you must create a new location for your data", when trying to remove email account

I have tried this with Outlook 2016 in Windows 10

1. Close Outlook if its running
2. Start -> Run (or Win Key + R) -> outlook.exe /manageprofiles -> OK
3. Click "Show Profiles" button and delete it
4. Close window and start outlook
5. Outlook should ask to create a new profile now
6. Now you can enter your email address and configure outlook as normal