The throttle won't fully open unless the motor is in gear. With the motor off, see if you can shift into either forward or reverse. To do that, you may have to rotate the flywheel slightly clockwise. Don't force it either in or out of gear.
If in gear, try the twist grip and see if it operates. The flywheel is on top of the engine, and the magneto plate or throttle plate is under the flywheel. It turns clockwise when throttling up. You can rotate it by hand. (Watch the linkages when doing that to see what moves.)
Don't run the motor unless you know that the water pump (rubber impeller) in the lower unit has been replaced. Standard procedure is to replace the impeller before operating to insure an old impeller doesn't break apart and jam water passages.
Needed maintenance depends on history and condition of the motor. If you don't know the history, figure on doing ignition and carburetor work similar to what you see described here in other threads along with the water pump work. Post a model number and something about the history of the motor for better (more specific) responses.