Begin by peeling the shallots and trimming their ends, ensuring a neat presentation.

Chop the thick-cut bacon into bite-sized pieces.

Measure out the honey, balsamic vinegar, and Worcestershire sauce, setting everything within reach.

Heat a medium pan over medium heat and add chopped bacon. Cook until crispy and golden brown, about 5-7 minutes.

Remove the bacon and set aside, keeping the drippings in the pan.

Add butter or olive oil to the same pan and toss in the shallots. Cook over medium-low heat for 8-10 minutes until softened and lightly browned.

Pour in the honey, Worcestershire sauce, and balsamic vinegar. Stir well and cook until the glaze bubbles and thickens, about 3-5 minutes.

Return the crispy bacon to the pan and mix thoroughly with the glazed shallots, cooking together for an additional minute.

Remove from heat, let rest for a few minutes, then season with salt and pepper to taste.