Heat the olive oil in a skillet over medium heat.

Add the ground beef to the skillet and cook until browned, breaking it apart with a wooden spoon.

Drain excess fat if necessary.

Stir in the chili powder, cumin, garlic powder, onion powder, paprika, salt, and pepper.

Pour in the water and bring to a simmer.

Reduce heat and let it simmer for about 10 minutes, stirring occasionally.