“guidance.” The Hebrew is plural, guidance from many sources.
“people.” The Hebrew indicates that this is a group of people, not just a single individual. It would generally be a group of people who are related to each other in some way, a family, tribe, clan, or even a nation. If the leader or leaders don’t get good advice the whole group will be affected.
“with a multitude of advisors, there is deliverance.” No one person can think of every possibility or see every problem and every solution, so the Bible tells us there is safety and deliverance in having a multitude of advisors (Prov. 11:14; 15:22; 20:18; and 24:6). The final phrase in the verse, “there is deliverance,” can be translated from the Hebrew in several different ways, including “there is safety,” and “there is victory.”