Are the gas tanks full? Be sure the motor is trimmed all the way down on take-Off. As the bow comes down, trim up until you reach the “right” combination of speed and trim. Which merc? At WOT you should get 5500-6000 RPM. What prop are you running? Where is the motor on the jack plate? I had a 1990 P2 w/ a 150 Johnson before. 2 guys, fuel, and full live wells made getting on plane a chore at times.