Indie Feedback: Potential first SaaS customer willing to pay for completion of development

Hi IHers,

I'm pretty new to this site and love it so far. It's very insightful, personal and has reignited my inner drive to succeed.

Am currently working on a SaaS product that solves a problem for a given company which in turn is willing to pay for the completion of it.

The problem is definitely not unique to this company and I can see enough potential customers to make a decent living out of it.

Having said that, I've only had a verbal agreement with the aforementioned company and no money was discussed thus far.

I'm pretty clueless as to how much I should ask for. Enough to cover my bills until the product is launched? Is there a guidelines or framework to assess situations such as these?

Hope to hear from you guys soon.

Regards,
Rashid