We're sorry about the trouble while trying to launch Photoshop on your Windows 7 machine. Would you mind telling us which version of Photoshop you're using?
The error you're getting may be due to missing Windows updates or corrupt/damaged Microsoft Visual C++ redistributable packages. Please ensure you have all available Windows updates installed on the computer (you may need to check for Windows updates & restart the computer multiple times).
Possibly caused by an installed third party plugin.
Try starting photoshop and disable plugins by:
Hold down the Shift key and launch Photoshop. A dialog appears during launch that reads "Skip loading optional and third-party plug-ins?"
Click Yes to skip loading optional and third-party plug-ins.
This disables optional and third-party plug-ins only for the current session. If you quit and restart Photoshop without holding down the Shift key, the optional or third-party plug-ins will be enabled.