Have your beef bone broth made and ready to use. You can also use store-bought just fine for this recipe.
Whisk flour, onion powder, garlic powder, salt, and pepper together and toss the thawed beef stew chunks in it.
Heat olive oil over medium-high heat in a large dutch oven or large pot. Add the floured stew meat. Give the beef plenty of space by keeping it in a single layer to help it cook through.
Peel and chop the potatoes and carrots while you are waiting for the meat to brown.
Once you have browned meat, scrape the bottom of the pot with a wooden spoon to lift all those flavorful browned bits. Deglazing the pot by adding the bone broth and worcestershire sauce to the meat, making sure to scrape and get all that floured browned bits at the bottom of the pan.
Add in the potatoes, carrots, tomato paste, dried rosemary, and bay leaf. Simmer on low heat for an hour, stirring occasionally to ensure there’s enough liquid and no sticking.
After an hour, mix water and cornstarch in a small bowl to make a slurry. Add it to the stew until you reach your desired consistency.
Season with salt and black pepper. I love to serve with a side of cornbread.