Wont launch even though i am CLICKING on the shortcut
Usually what this means is that the folder containing EpicGamesLauncher.exe was moved/renamed.
You can right click on the shortcut, go to properties, and it will show the full path like this
Using Windows Explorer, you can verify the shortcut is correct (maybe you renamed a folder, or it was on a drive and the drive letter changed or something) and then update the shortcut, or make a new shortcut to the correct location