Custom Data Directory

I imagine this is covered somewhere in the 7500+ posts on this forum, but various searches have yielded nothing. I'm thinking about creating a new data directory for my Zotero, to simplify the process of backing up. (I'd like to put it in a folder of things that I back up regularly, so that it simply gets backed up with all the rest).

Is this as simple as going to Advanced in Preferences and pointing to a new folder? Or are there errors that could result from the attempt to select something outside of the Firefox folder system?

Thanks!

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