Reveal the coil by taking the cooling cowl off. Then disconnect the cut out wire - small diameter, usually black - and see if you get a spark now. These engines have electronic ignition (no points etc) so if still no joy its likely to be a coil fault - but they are generally very reliable, I have to say. I have had problems with the flywheel woodruff key shearing though....which upsets the timing.
John
April 2008