Heat a large skillet over medium-high heat and add the ground beef, breaking it into fine pieces; cook for about 5 minutes until no pink remains.

While the meat browns, combine the chili powder, cumin, paprika, garlic powder, onion powder, cayenne pepper, dried oregano, black pepper, and salt in a small bowl.

In the same bowl, whisk together water, tomato paste, soy sauce, and Worcestershire sauce until the paste is fully dissolved.

Carefully drain excess grease from the skillet, leaving a small amount of fat for flavor.

Reduce heat to medium, sprinkle the spice blend over the meat, and stir constantly for 1 minute to toast the spices.

Pour the wet ingredient mixture into the skillet and stir until the meat is evenly coated.

Reduce heat to low and let the meat simmer for 3 to 4 minutes, stirring occasionally, until the liquid is mostly absorbed and a light glaze coats the meat.

Remove from heat, taste, and adjust seasoning with additional salt or cayenne if desired before serving.