The formula for getting more speed and power out of just about any internal combustion engine is the same; make it turn faster, move more air and fuel. Larger valves, higher profile cams, larger carburetors, better ignition systems, scavenging exhaust systems, etc. are all part of the equation. For on the cheap, changing pulley sizes on the engine and transmission (assuming it's belt driven) and adding some toe-in to the steering geometry are about all you can do.