1. In a large bowl, combine soy sauce, Worcestershire sauce, honey, black pepper, onion powder, garlic powder, smoked paprika, and red pepper flakes.
2. Add the thinly sliced beef to the marinade, ensuring each piece is well coated. Cover and refrigerate for at least 4 hours, preferably overnight.
3. Preheat your oven to 175°F (80°C). Place a wire rack over a baking sheet.
4. Arrange the marinated beef slices on the wire rack in a single layer.
5. Bake in the preheated oven for 4-5 hours, or until the beef is dry and chewy.
6. Let the jerky cool completely before storing in an airtight container.