I had the same problem - and found it was not getting any fuel from the carburettor - you can check this by taking the plug out and it will be dry. - and to confirm that it is a fuel problem pour half an eggcup full of fuel directly in the plughole and replace the plug. - it will fire up after a few pulls and run for a few seconds and then die.
ok so it is a problem with the carburettor. - it could be that the inlet valve is set too low - this can be remedied by very slightly bending the little shiny lever (Inside the carb) to let the needle valve have more movement - it only needs a touch....
you may have to adjust the slow running jet and perhaps the fast jet too. These are situated in the extended tube like arrangements along the side of the carb. access to these is easy but you will need to make a tube with a flat on one side to adjust the jets. You will need to turn these jets only a quarter turn or so for a major change in the engine running. The jet adjustments turn very easily and are accessible directly without taking anything apart so it migh be a good idea to do this before you strip the carb out for cleaning and needle valve adjustments.
- My engine now runs very well !! - easy start anytime. Remember - Just adjust yours carefully-
Frank - Kennedy Franklyn, August 2014