For a steak that's about an inch in thickness, cook it for 3 - 5 minutes on each side, depending on how well done you want your steak. The steak should have an internal temperature of 135°F for medium rare and 145°F for medium.u003cbr/u003eu003cbr/u003eAlso, be sure to heat up your pan and olive oil before adding your steak so that it sears nicely.