Being as you've never ridden before, might I recommend taking an MSF course. I'm new to biking myself, and I would definitely recommend the coursework/riding sessions.
How ironic that for my first bike I happened on a '76 750F
Like everyone here said - Turn key, kill switch > run, choke open, fuel petcock > run.
If you're not getting any spark when turning the engine over you might want to check your plugs and wires, on my 750 they had pulled apart. I can't see both coils going out, so be sure to check a plug from each.
Pick yourself up a cheap multitester so you can check for continuity. Remove your left access panel to get to the fuses.
You already said it cranked so we'll skip the starter solenoid.
To check the fuses (and make sure they work), remove each fuse and place the end of each probe to each end of fuses. You should either see a light/hear a buzzer depending on your multitester.
Next, with the fuses removed, test and make sure there is no continuity between each fuse holder with the fuse removed. (I know, fairly stupid to test, but you never know what previous owner might have done)
Lastly, install each fuse and place the probes for your tester on the fuse HOLDER, not the fuse itself. This will make sure all of your contacts are clean.
Next, check your rectifier, it's the multi-tiered stack of square black plates. Disconnect it's harness, place one probe to the red wire, then the other to each yellow wire in turn, then switch the probe connected to the red wire to the black wire and check each yellow lead again. Depending on how it feeds back some connections may not show continuity, which is fine. (as a side note, this is no garuntee that the rectifier is good, it may fail at higher temperatures when you're out on the road)
Finally, on the connector you removed from the regulator, check to ensure continuity between the three yellow wires. This will should show whether the stator coil needs replacing.
All this being said, I'm very new to motorcycles, but do have a fair ammount of experience working on newer vehicles. Testing electrics has never been my strong point, as I really don't have the patience for it, but these simple layman's tests are what helped me troubleshoot my bike. It would be nice if they printed something simple like this in my Clymer's, instead it was a series of complicated tests for Ohms, volts, cycles, etc. Hopefully some of this will be able to help you.