The Windows Service "Flexnet Licensing Service' is either uninstalled or has been disabled.
This is generally caused by a Windows update or antivirus update where the service seems suspicious.
You can check the service under task manager/ services,
If the service is installed...it should look like the picture below
locate “Flexnet Licensing Service” , right click , and select open service
If it set to 'Disabled'...change to 'Manual' and try launching SpeechExec again.
If the service is missing...run a repair on the SpeechExec software.