The repair manuals posted should have you covered, though it can be a bit daunting to find out where to start. I've repaired a lot of optical drives, and the most common problems I've found are:
laser- setting the pot to allow a bit more power, as they lose power over time. those pots are sensitive- a small movement goes a long way. set it with a multimeter
motor drive belts (on older drives like yours)- they dry and crack, the only solution is to replace them
disc clamping- when drives close, there are usually two magnetic pieces that clamp to keep the disc in place, and over time they can get too weak/strong to hold the disc properly. Since your drive opens, it could be on the weak side. if you hear/feel vibration or scraping, this could be the problem
hair and grime can get in pulleys and small gears as well. you could go through to clean and grease the components if you like. just use a rubber-safe grease.
some pictures of the drive you have would be nice.