Where no counsel is, the people fall: but in the multitude of counsellors there is safety.

The purpose of this scripture is to admonish governments and individuals to seek wise counsel before making decisions. Without counsel or without wise counsel the people fall.

Notice the comment from Matthews Henry’s Commentary:

Where no counsel is, no consultation, but everything done rashly, only caballing for parties and divided interest, the people fall, crumble into factions, fall to pieces.

Notice that word "caballing":

It comes from the French word cabale meaning intrigue. 1. A number of persons secretly united to bring about an overturn or usurpation. 2. The artifices and intrigues of such a group.

The admonition to the individual is to obtain a wide range of input, opinions and facts before coming to a conclusion and making a final decision. Confer with your spouse, friends, and relatives. Seek much legal advice, get a second and third opinion and meet with professionals. Obtain a multitude of published documents, books and findings. Never rely on the advice of any one doctor, lawyer or instructor.

Notice Proverbs 1:5

A wise man will hear and will increase learning. And a man of understanding shall attain unto wise counsels.

Proverbs 15:22

Without counsel purposes are disappointed; but in the multitude of counsellors they are established.

Much more important than having a multitude of counsellors is your admonition to live by the Word of God. This means two things:

Each individual piece of advice must be in keeping with the law and principles of God.

Your final decision or course of action must be in keeping with the law and principles of God.

1 Thess 5:21 Prove all things; hold fast that which is good. This scripture is clearly about proving what our ministry says in sermons and sermonettes.

What is greater, the Word of God or a group of men?