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What do you wish to optimize on your dedicated server? The term optimizing a dedicated server is very broad. You can optimize various things depending on what application you run on your server. Is it a DB server, webserver, host node for VMs? Please be more specific before you post!
Umm. You could run some type of virtualization to better utilize your resources? So if you have other services you want to run, use the leftover resources to spin up a new VM and separate it from your main server's functions.
I'd recommend to virtualize a dedicated server such as using Proxmox. It keeps things under control.
If you want some basic steps.
To said something more accurate, need to overview your concrete situation.
just search google, and also add what you want to optimize. If you dont know. It will be probably webserver and mysql server. So your google query can be: how to optimize ****server