My company has eliminated non-critical travel, restricted visitors, offered work-from-home to those who are able to work that way, and is likely to cancel planned large gatherings like big trainings and meetings. We are preparing/updating business continuity plans to sustain core operations if many people are out sick or on home quarantine. On an industry level, our trade association is sharing information with its various members, and encouraging similar planning to occur at other companies. Our local hospital is preparing with updates to its infectious disease protocols and patient isolation options. Our local public health agency is working with state and other resources on education about preventive measures.
If this results in limited local cases, all this planning will help the medical system cope with the cases that do arise, and business should proceed relatively un-affected. If the number of cases balloon like they did in Wuhan, then the medical system will be quickly overwhelmed causing the virus to spread further, and there will be significant business difficulties while the infection and associated home quarantines run their course.
I am hoping that the precautions being taken will hold this to a medium to long term smoldering burn rather than a short term raging inferno.
On the personal front, I shifted a chunk to cash before the market dropped (I wish I'd shifted more), and we've stocked up on some essentials. Based on age and health, we are low-risk at home, so no significant worries, though I worry about our parents, some other at-risk family members, and the broader economic impacts on our society. As for the economic impacts on us, thanks to MMM-principals we are likely to make it through this with few problems.