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If the ThingWorx 7.4 installation with MSSQL db doesn't start with a license error on the splash screen, despite taking the necessary steps for specifying the license path, the error might be misleading and the problem is actually lying in the database connection. Going to THingworxStorage/logs and opening ApplicationLog.log might reveal the following (or similar ) errors:
2017-04-13 10:26:17.993-0400 [L: INFO] [O: c.t.s.ThingWorxServer] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] Sending Post Start Notifications...
2017-04-13 10:26:17.999-0400 [L: ERROR] [O: c.t.p.m.MssqlModelExceptionTranslator] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.001-0400 [L: ERROR] [O: E.c.t.p.d.FileTransferDocumentModelProvider] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [context: Could not create a transaction for ThingworxPersistenceProvider][message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.004-0400 [L: ERROR] [O: c.t.p.m.MssqlModelExceptionTranslator] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.005-0400 [L: ERROR] [O: c.t.s.s.f.FileTransferSubsystem] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] Error loading queued transfer jobs from persistence provider
2017-04-13 10:26:18.006-0400 [L: ERROR] [O: c.t.p.m.MssqlModelExceptionTranslator] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.006-0400 [L: ERROR] [O: E.c.t.p.d.FileTransferDocumentModelProvider] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [context: Could not create a transaction for ThingworxPersistenceProvider][message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.007-0400 [L: ERROR] [O: c.t.p.m.MssqlModelExceptionTranslator] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] [message: Could not create a transaction for ThingworxPersistenceProvider]
2017-04-13 10:26:18.008-0400 [L: ERROR] [O: c.t.s.s.f.FileTransferSubsystem] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] Error loading queued transfer jobs from persistence provider
2017-04-13 10:26:18.008-0400 [L: INFO] [O: c.t.s.ThingWorxServer] [I: ] [U: SuperUser] [S: ] [T: localhost-startStop-1] Thingworx Server Application...ON
A few things to check here. First, how the database was set up. The standard expected port if 1433, however, if you choose a different port - ensure that the port is available. If it isn't - update the port setting in SQL configuration manager.
Another possible root cause -- the database scripts did not run properly upon the setup. Currently, there is an active Jira PSPT-3587 for resolving the script issue (NOTE, this thread to be updated once the Jira is fixed). There are two options here, either to run the sql files manually (found in the "install" folder of the downloadable), or edit the bat scripts manually. It's recommended to edit the script files instead because running the sql commands allows more room for a mistake.
The following line in the bat scripts needs to be edited to have the ".\" removed:
Note, that the scripts need to be run from the same directory ("/install")