How to customize lead status

ERPNext Selling/CRM
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How can we customize the lead status / stages in CRM of erpNext?

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Lead → Menu → Customize →

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Hi Guys, sorry to resurface an old thread. Trying to customize lead status however when attempting to add new options I get the error “You can’t set ‘Options’ for field Status”

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I am facing the same issue. I want to bring our business workflows inside