In a small room you want to maximize the space, however again less is more. What do you do to maximize the space without adding too much or clutter? Add furniture that works double duty.
Ottomans and coffee tables with storage are great ideas. Media consoles that hide the equipment and movies help with storage and hide unsightly electronics.
Anything that serves more than one purpose is good for a small room. So limit single use items for multipurpose furnishings.
This will help you eliminate stuff, cut clutter and make a small space bigger.