1In a measuring cup, mix 1 cup of ketchup, 2 tbsp of brown sugar, 1.5 tsp of honey, 1 tbsp of soy sauce, 1 tbsp of Worcestershire sauce, 1.5 tsp of salt, 1.5 tsp of black pepper, and 1 tsp of liquid smoke.
2Stir well to combine all ingredients.
3Add 1 tsp of cayenne pepper for spiciness (optional).
4Pour the mixture into a small pot and bring to a boil.
5Reduce heat to the lowest setting and simmer for 20 minutes, stirring occasionally.
6Let cool and store in an airtight container in the refrigerator for up to one month.