Run 3 Phase motor from 240V service?
Your options are:

Replace the motor with a single phase motor (preferably also 240V)

Use a solid state variable frequency drive that can take single-phase input and provide 3-phase output. Be sure it it rated for the horsepower load, and DON'T exceed the rated speed of the motor (the drive may offer the opportunity, I've never seen a NON-variable speed solid state inverter drive, but if you make the motor go faster than it's rated for, it may mechanically fail.) You may also need accessories to keep the electrical noise generated contained.

Build a Rotary Phase Converter, generally done with a much larger 3 phase motor and a means to get it started. 

For a tablesaw, the VFD offers little advantage (IMHO) unless you can do it for much less than a replacement motor. On a lathe, the VFD is a very desirable thing in its own right.