Start up would take about 1 minute. I have completely fixed the problem.
It seems as though the office programs hang on startup due to 2 reasons.
The first being the auto start up of the project gallery and the second is the way it renders the preview of fonts(I use “Font Book” to preview my fonts anyhow.).
Here is how to fix it:
1. Launch word
2. Go to Word>Preferences
3. Click on “General”
4. uncheck “WYSIWYG font and style menus”
5. uncheck “Show Project Gallery At Startup”
6. Quit word
7. Reopen Word
My office programs now boot in 4 seconds and run smoothly.