Follow the package instructions to cook the rice. You can use the same amount that you normally make for four people if you don't have the package directions.
In the meantime, heat the beef in a large skillet on medium-high heat. Once it is browned, use a spoon to break it up. 8-10 minutes). Drain excess fat if it's too much.
Remove the pan from the heat. Stir in the sauce ingredients: sugar, hoisin sauce and soy sauce.
Turn down the heat to medium, then return the pan back to the heat. Add the red pepper chunks. Continue to cook the peppers for about 5 minutes, stirring occasionally, until they are tender-crisp.
Serve the beef with rice, and garnish as you wish.