Creating One-Pot Philly Cheesesteak Soup with Bacon is straightforward, and the steps are easy to follow:

1. Cook the Bacon: In a large pot over medium heat, cook the diced bacon until crispy. Remove the bacon pieces and set them aside, leaving the drippings in the pot.
2. Sauté the Onions: In the same pot, add the diced onions. Cook for about 5 minutes until they turn translucent. Add the minced garlic and cook for an additional minute.
3. Brown the Beef: Increase the heat to medium-high and add the thinly sliced beef to the pot. Season with salt, pepper, onion powder, and garlic powder. Cook until the beef is browned, about 5-7 minutes.
4. Add the Vegetables: Stir in the diced bell peppers and continue cooking for another 3-4 minutes until they are slightly softened.
5. Pour in Broth and Cream: Add the beef broth and heavy cream to the pot, stirring well to combine all the ingredients.
6. Season it Up: Drizzle in the Worcestershire sauce and bring the mixture to a gentle simmer. Let it cook for 10-15 minutes so the flavors meld together.
7. Cheesy Goodness: Gradually mix in the provolone and cheddar cheeses, stirring until completely melted and creamy.
8. Final Touches: Taste and adjust the seasoning if necessary. Stir in the crispy bacon pieces just before serving to keep them crunchy.
9. Serve Hot: Ladle the soup into bowls and garnish with fresh parsley for a touch of color.

These simple steps ensure that you create a mouthwatering bowl of One-Pot Philly Cheesesteak Soup with Bacon that your family will rave about!