The procedure is weird and counter-intuitive.
You might find this article useful.
https://eclecticlight.co/2022/11/10/make-a-ventura-bootable-external-disk-for-an-apple-silicon-mac/
I couldn't get it to work with Carbon Copy Cloner, but could with Super Duper.
Bear in mind that if you ever need to restore from your bootable clone, it may not work even if it did when tested, so it would be unwise to think you can rely on it. I have yet to verify whether or not backing up changes to the clone has the effect of rendering it unbootable.
EDIT: seems I can still boot from my clone after backing up changes since the clone was first created. These were not complicated changes, but fairly substantial.