I had the same issue. When I bought my K7 it was set up for 2 up touring. 13" shocks that were sprung for King Kong, and a mountain of a seat. Now, I'm 5'6" and I have an inseam of 30" if I stretch. I had to tip toe the bike. Not safe at all.
So, I did some research and hit up Hondaman for some tips on how to make this monster motorcycle more my size.
First step, get a good seat. If you have one of those Corbin King/Queen sofas on there now, think about getting rid of it. I found a stock seat that made all the difference. Next, I got a set of Hagon shocks that are a little over 12", and spring for my 150lb self. That is the key, get them sprung for your riding plan. I'm all solo all the time so I didn't need a heavy spring. That was key to getting a good ride.
Here are a couple of pics. I know in the first one, the bike is on the center stand, but you can still see the difference.

