An internal combustion engine is not difficult. Any Combustion engine needs air, fuel, compression, and ignition. You initially asked, why won't this start? Hell, I don't know... I wish I was omniscient. Anyway, just like any other complex system with problems you must start getting rid of what is working correctly to zero in on what is not working right.
Air: If the air cleaner is clear and the carburetor has no obstructions, consider this issue okay and move on. This one is easy.
Fuel: Follow the fuel from the supply. Are all the fuel lines attached? Are they clear? Is the fuel making all the way to the carb? If fuel is coming out of the pipe, it is generally a sign that it is flowing. Air leaks fall under this category as well. An air leak causes loss of vacuum therefore poor draw of fuel and possibly introducing air into the fuel which causes a lean conditions. Search sealing an RC engine on the internet. There are walk throughs on how to do this with copper RTV. Is the fuel correct for the application? If you have been cranking away and never flooded the motor and locked up.... something does not seem right. Ensure the fuel is going into the engine.
Compression: AKA (in the RC world) Pinch (Motorcycles) Squish... Is the piston to sleeve mating still tight? While rotating the flywheel, does it get tough to move it when approaching TDC? Is the head bolted down well? Is the head shimmed correctly? This is usually easy to ascertain.
Ignition: Does the glow plug actually glow? Is it the right glow plug for the application? Is the Glow Plug screwed in tight?
Start going through this stuff and what ever remains is the culprit. So go through the list and verify Air, Fuel, Compression, and Ignition.
Traijin