...how to create a restore partition...in order to do my first backup...Also, should the first backup be kept separate, in case you need to restore to the original condition of your system,
You don't need to. A recovery partition is automatically created when macOS is installed; no matter if purchased new from Apple or second hand. Additionally, newer Mac models don't need a recovery partition per se; they can use Internet Recovery to restore your Mac to its original (factory fresh) state.
...then do another backup which is then used to do hourly/daily
backups/whenever backups upon?
You've got the right idea. Your first backup is the critical one - it establishes the base for your future backups. As your backup progresses, it will only backup changed files. This is good because if you leave your Mac plugged in (with the external drive attached) overnight, it will "wake" to perform backup tasks.
If you get into the habit of leaving it connected like this overnight, you will wake to a backed up machine that's fully charged (assuming it's a portable).
Finally, make sure your data is in more than one place. I keep my documents on OneDrive, but you can use iCloud. This means any one document is in 3 places at once: my machine, my cloud storage, and my Time Machine. If you were to (heaven forbid) lose your Mac, you can still access your documents in either the cloud or Time Machine. If your backup drive fails, you still have your data accessible in two alternate locations.