A few 'cheap' and 'not so cheap' options are;
Install a cb650 cam (use the 650 tacho driver aswell)
stiffer valve springs
remove casting marks from intakes (smooth it out or not is your choice, pros and cons for both)
650 carbs (when using 650 cam)
skim head couple hunderds
electronic ignition
remove starter motor and big battery (weight issue)
use small battery (they need one to run! min amp/h is 3 or so..) use a new regulator/rectumfrier because the stock ones dont work well with little sealed batteries.
dynacoils
high compression/lighter pistons
bore it to 3th or even 4th oversize (scary cause you can't overbore a +1)
pods with right jetting
yoshi exhaust
to the bike;
alloy rims (spinning weight is to be held to a minimum)
chop frame brackets for side covers/airbox/buddy/steerer lock/claxon/pegs
small rearsets
alloy rearend
lower centre of gravity by putting weight as low as possible (battery and such)
simplify wiring to bare
smaller headlights
drill brakediscs
tapered steerer bearings
alu clipons
small alu tank inside resin one, or even better a shiny alu tank
i think you have enough to tinker about now
keep us updated!