Create a Sales Path in Salesforce

Sales Users would like to see the road ahead for the deal. Sales Path can help here.

Steps:

Setup | Path Settings | New Path | Name the Path | select the object | record type (if applicable) | Select the picklist field.(Path can be based on any picklist field) | Add the fields where required and 'Guidance for Success' | As you are creating a Path on a standard object, the Path component is added to the page layout by default. For custom object Paths, you will have to add the Path to the page layout | Repeat these steps for each record type (if applicable).

Reference : https://trailhead.salesforce.com/content/learn/projects/customize-a-sales-path-for-your-team

Visual : https://www.youtube.com/watch?v=EzAd6GLSpdc