green or yellow
First a question, is it a green or yellow saw?
If it is a green saw it is likely that the compression is low, they are build only to last 50 maybe a 100 hours if your lucky (many fail sooner). manufactured with cast aluminum engine parts and only a single piston ring. Easy test just hold the saw up by the starter cord handle, if it falls down like a yoyo it is finished, if the compression is strong enough to support the weight of the saw compression is not your problem.
If it is a green saw and the compression is done, it is likely not fiesable to repair, take the money you would spend trying and put it towards a higher quality saw used if need be. Though you can get remanufactured power heads from Princess Auto for about 80-90$ cdn, I imagine these are heads with jug and piston replacments done to saws exchanged under waranty. Again these reconditioned heads are recomended for occasional use only and will only last for another weeks or two of solid use. (no warranty)
If it is a yellow saw and the compression is good you may still have life in it, sounds like you need to narrow the problem down a bit. Check condition of the spark (should be strong and white blue in color), ensure choke mechanisium is functional not stuck partially closed, and that mixture screws if adjustable are set corectly.
good luck
Timberwolf