In a small bowl, mix together the chili powder, garlic powder, onion powder, paprika, cumin, brown sugar, black pepper, and salt.
Rub the steak with the mixture on both sides.
Heat the olive oil in a large skillet over medium-high heat.
Add the steak to the skillet and cook for 3 minutes on each side, or until the steak is cooked to your desired doneness.
Remove the steak from the skillet and let it rest for 5 minutes before slicing and serving.
Interesting Facts
The dry rub can be prepared ahead of time and stored in an airtight container for up to 6 months.
Steak can be cooked in the oven instead of the skillet. Preheat the oven to 400°F, and bake the steak for 15-20 minutes or until the steak is cooked to your desired doneness.
This steak can also be cooked on the grill. Preheat the grill to medium-high heat, and cook the steak for 3-4 minutes on each side or until the steak is cooked to your desired doneness.