Making a bike race ready isn't about making it fast but durable (breakage resistant)
First thing is def. the suspension and jetting. If the susp. is set up crappy all the mods under the sun won't do a lick of good. Repack every bearing on that bike with a good synthetic grease (swingarm, steering stem top/bottom, hubs, linkage)
For buying stuff begin with a set of Pro Tapers and the Tag Metals oversive rubber mounted clamps. Do away with the stock clutch plates and chain/sprockets if you already haven't. I'd highly recommend a set of radiator braces, even the Works Connection (of which I have) protect against quite an impact. Make sure your tires still have damn close to square knobbies and make sure you have hard terrain tires for hard terrain...not some mismatch. Top off the coolant, change the trans. oil, clean the air filer, lube the clutch cable, tighten all nuts and bolts then go have fun :)
Resist from buying parts to make the bike faster until after you get some good serious racing in. The time to step it up in the engine is when you are drag racing a top 5 guy up a long steep hill and his bike outpulls yours.