Hi,
Well, Dustin ... I see that you really are new in the virtualized world ... unfortunately the first rule of this world is "virtualization is NOT cheap at all" ... If your budget is not fat enough to hold Essentials Plus and if you actually only have one host, then just stick with the free ESXi license ... you'll gain absolutely nothing (except the support, which you can find in these forums anyway...) with the Essentials package (you don't need vCenter for one host).
So, put your money in the bank or invest it in your business ;), go with free ESXi and do the backups with the integrated Windows Server Backup to some external USB drive ... yes it's a poor's mans solution but will be good enough for you (Windows Server Backup can do a full restore).
Then raise your business ;), get the Essentials Plus license and upgrade you environment to 1+ hosts and use VMware Data Recovery for backup ... I really can't stress enough how good is this product if properly configured. Then raise your business again and go with Enterprise Plus license - this is when the virtualization really starts to ease your life... This is exactly the scenario which I went through in my company and the only thing that I regret is buying the Essentials package some year ago ...
Welcome to the virtual world! :smileywink: