How to change hash encoder password in Database of Laravel project

Story: I Have a Laravel project in my local system. I am using Xampp server of this in my PC. I don't have / forget the password. Now I have planned to change the password in DB. 

Step 1: run the xampp 

Step 2: Click on the Shell button

Step 3: Navigate to project directory in the command prompt:

                        cd C:\xampp\htdocs\your-laravel-project

Step 4: Run the the following command:

                        php artisan tinker

Step 5: Run the the following command (assuming your new password '123456789'):

                          echo Hash::make('123456789');

Step 6: Copy the code

Step 7: Replace the password in DB.