It is also possible to assume $m$ is an integer if this is useful.
One way I can see to solve the problem is to show
(1) $f(m)$ is monotonically decreasing, which can be done either by showing $f'(m) \leq 0$ or showing $f(m+1) \leq f(m)$ for all $m \ge 1$ .
(2) The limit as $m \to \infty$ of $f(m)$ is $\frac{1}{\sqrt{e}} > \frac{1}{2}$.
Showing $(2)$ is simple using $\lim_{n\to \infty} \left(1 + \frac{1}{n} \right)^n = e$. Showing $(1)$ is quite annoying using the derivative, I've reduced showing $(1)$ using the other approach to showing $\left(1 - \frac{1}{(m+1)^2} \right)^{m+1} \leq \left(1 - \frac{1}{m^2} \right)^{m-1}$.