To reduce database size, use:
SHRINKDATABASE[
^] or/and
SHRINKFILE[
^]
MS SQL Server performance is very challenging subject. I don't know how to check it from front-end at all, but...
One way is to measure the time of query execution, using:
SET STATISTICS TIME[
^] command.
Second way is to check disk activity, using
SET STATISTICS IO[
^].
More about SQL Server Performance Tuning, you'll find here:
http://blog.sqlauthority.com/sql-server-performance-tuning/[
^].
SQL Server performance depends of query/queries performance. If you want to find the longest running query, read this:
http://blog.sqlauthority.com/2009/01/02/sql-server-2008-2005-find-longest-running-query-tsql/[
^]