First of all, congratulations!  Finishing an entire novel is something to be proud of.

I have developed a process through several books.  This is what I do:

1. I put away the MS for at least two weeks (usually 3-4 weeks).  It is tempting, but I don’t look at it at all.  Then, I go through and do a quick clean up.  This is mostly catching missing words and horrible typos.  Writing at 3:00 AM always provides some humorous errors (sell phone instead of cell phone…or the scandalous: pubic instead of public…yeah, that happened).

2. It is at this point I hand a hard-copy of the MS over to some trusted beta readers.  Their job is to give me general content comments.  How is the pacing? Is it confusing anywhere? I specifically ask them to poke holes in anything they can.  I try to make sure that I give it to both male and female beta readers.  My readers are usually teachers, but I specifically pick non-English teachers,as well as, English teachers. You need math/science people that can look at your work from a different angle.

3. While I am getting feedback from my beta readers, I start working through word choice, clarifications, and tone.

4. I do not cut anything until I get to the third draft.   I will often color code something I am thinking about cutting, but I hold off.  Sometimes the items I am thinking about cutting end up being moved or inspire something else.  Also when cutting, keep extras in mind.

I usually have four to five drafts, plus proofreading for each novel.

I have more tips and free resources on my website here: http://robinwoodsfiction.com/for-writers/

Hope this helps.  I am happy to answer any other questions you have.

Blessings and good luck!