Elements 8 Error 150:30 FlexNet is Set to Manual

I have the all-too-common Error 150:30 when trying to open Edit in Photoshop Elements 8. I followed instructions posted elsewhere to be sure the FlexNet service was set to manual, but even after a re-boot, the error persists. Any other ideas?

Actually, by default, the service should be in running state when application launches and the mode should be set as "Automatic".
The Tech doc which you have referred just says that even when the service is indeed running in Automatic mode and still the application is giving this error, then you set the service in Manual mode and start it manully before launching application.
But, a better approach will be to make sure that you log in with admin user, check the services.msc to see whether the service is installed on the machine or not and launch the application and see whether the service is changing to running mode or whether it is still in stopped state.
You can refer the below Tech Doc and follow the solutions sequentially to see of they get you out of this issue:
http://kb2.adobe.com/cps/405/kb405970.html
Regards,
Ankush

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