Backing up less than 500 GB of documents, PST files, music, and photos.
+1 but let me one up you with the Western Digital Elements 1TB from Amazon instead. The price fluctuates frequently during the day but you can usually find it for $69.99 and Prime eligible.For example Western Digital Elements 500GB
You can't boot from a TM backup, and I believe the files created in TM backups are in something other than "POFF" (plain old finder format).
+1 but let me one up you with the Western Digital Elements 1TB from Amazon instead. The price fluctuates frequently during the day but you can usually find it for $69.99 and Prime eligible.
"I am in the process of converting my business over to my new Mac. Which external (portable) hard drive should I purchase?"
Then you need TWO backup drives, since you're backing up business files.
One drive will remain "at your place of business" -- that is, where the computer you are backing up is located.
The OTHER drive should be stored somewhere "offsite" -- AWAY from where the computer is (in case the computer and backup drive gets stolen, your office burns down, etc.).
I also recommend that you DO NOT use Time Machine for your backups. Instead, use either CarbonCopyCloner or SuperDuper. These will produce for you "bootable backups" in "plain old finder format".
You can't boot from a TM backup, and I believe the files created in TM backups are in something other than "POFF" (plain old finder format).
In a moment of dire need, you need a backup that you can reach for, simply copy whatever file you need, or boot from if necessary.
Others will say no, but that's my recommendation.