Last week I had a catastrophic failure of my internal Bootcamp partition in a 2014 MacMini (Genius referred me to Microsoft and latter claimed incompetence with Bootcamp-related matters). Therefore I bought a LaCie Thunderbolt external 500 GB SSD drive, went through all of the literature applicable to running bootcamp from an external drive, and tried out most of them. I did not try 3rd party utilities such as Winclone, Paragon, Aramis, etc, because these gimmicks had ruined Bootcamp partitions for me in the past. I can testify after many trials, that installing Bootcamp on an external drive DOES NOT WORK, the assistant will always tell you that the drive is not "journaled", although it was freshly formatted as journaled (with GUID) with or without Mac OS X (Yosemite latest), and Bootcamp assistant run from internal or external Mac OS X installation. The only way that worked for me was running bootcamp from the internal assistant on the internal drive, create the smallest (20GB) bootcamp partition possible, and then, within the Windows Installation environment, direct installation of Windows 7 (Ultimate) to the external drive, which needs to be NTFS-MBR formatted. This did work, and then I had to spend three days to update Windows and reinstall all applications and then restore my personal files.I did not dare to restore from a system image, because I was prompted that this would erase my entire Bootcamp partition. The drawback here is that 20GB are wasted, but with a 1TB internal harddrive this is a nonissue. Also, at times, when I boot up from Windows/Bootcamp, the Apple Thunderbolt display stays black, this may be a Thunderbolt issue where somebody can help me out. At this point, when this happens, I need to reboot under Mac OS X, then shut down and reboot Windows/Bootcamp. What is nice about my current setup, it is fast, perhaps faster than the original internal installation, and my external drive (its name is LILY) shows up as C:(LILY) rather than C:(Bootcamp) in the Windows explorer. This may now enable me to restore LILY within Windows from a system image backup (without messing up Bootcamp), but I did not try this out for fear of wasting another 3 days. Perhaps somebody in the Community can provide feedback on this. As discussed, this setup works with a Thunderbolt SSD drive ($$$). I do not know whether this would work with a standard Thunderbolt drive or with a FireWire drive (as long as your Mac still has a FireWire port). Though I did not try, too, its my strong hunch that USB will not support the external Windows installation. Cheers, Steve