First, if you used liquid yeast and didn't make a starter, then expect a LONG lag time from when you will see active fermentation. We are speaking of a few days to get going and the low pitching count will translate into a beer that might not turn out as good as you want.
Underpitchiing will lead to stressed out yeast all all that comes from it.
There are people who say it will still make beer, and I agree with this, but it won't be as good as you could have had it.
Go to
www.mrmalty.com and see how much you should have pitched into your gravity wort.