Pitot tube could be clogged, actual speedometer gauge could be bad, could be not not hooked up, etc.
Look under the console at the back of the speedo. Pull the tube off and try blowing air back through it. If you are unable to blow air through it, use a small drill bit (turn drill bit by hand...DO NOT use a drill motor) and turn it in the end of the tube at the motor. If the tube is clogged, it should "grab" whatever it is in the tube and pull it out.
FWIW though, speedometers in boats are notoriously bad for being inaccurate. If you really want a "speedometer" use a GPS (fishfinder or handheld).