Panning in mono won't achieve much. Mixing in mono means exactly that. Pan everything centre and mix so you get the balance nice. Then put stereo back on and start panning things around. Some parts usually remain centred e.g. vocals, bass, kick drum etc but other parts can be moved.
I dont tend to work this way though. I prefer to mix in stereo and get the whole stereo picture set first then check in mono after that. Often some things need to be slightly adjusted for level. When I say check in mono I mean get a L+R summed mix into your mono speaker which I prefer to be a third separate device.